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Stock impact report

Saks Global Lays Out Initial Reorganization Plan, Axes Corporate Jet [Yahoo! Finance]

General Dynamics Corporation (GD) 
Last general dynamics corporation earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: investorrelations.gd.com
Company Research Source: Yahoo! Finance
More from WWD Athletic Footwear Sales Are Outperforming Broader Sporting Goods Market Fashion Seeks Value Beyond Volumes at ChangeNow Climate Conference Uniqlo Boosts U.S. Presence With a Flurry of Store Openings in NYC and Beyond And while many of the details were left blank, pending negotiations with the various stakeholders in the coming weeks, the plan will ultimately lay out just who gets what out of the Chapter 11 process. Former secured lenders are expected to come away with control of the company while unsecured creditors, including vendors, will most likely see very little for the bills that piled up before the Jan. 13 bankruptcy filing. Saks Global has a separate five-year business plan that has been worked out with lenders, but has not been disclosed. That plan sets the strategy that will guide the retailer once it exits bankruptcy, which is expected this summer. Bankruptcies can be contentious — and there were some fireworks early on with partner Amazon — but Show less Read more
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