Extreme drought in the southeast has swung a punch at a well-known gardening and landscaping retailer. Pike Nursery Holding LLC says it has filed for federal bankruptcy protection. The chairman and CEO of the Norcross-based company, Scott Schnell, says the extended drought and region’s water restrictions have had a material impact on business. The retailer has secured over 11-million dollars in financing to help it operate during backruptcy protection. Pike Nurseries has 22 locations in Georgia, North Carolina and Alabama.
Showing posts with label bankruptcy protection. Show all posts
Showing posts with label bankruptcy protection. Show all posts
Wednesday, November 14, 2007
Thursday, May 3, 2007
Delta returns to Wall Street
A more fiscally-fit Delta Air Lines rejoins the lineup on the New York Stock Exchange this morning. Executives with the Atlanta-based airline were to ring the opening bell on Wall Street today.
Delta emerged from bankruptcy protection only on Monday, after 19 months in Chapter-11.
An estimated 400-million shares will be distributed to creditors of Delta. Analysts expect Delta shares to debut at 20-dollars.
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