HOMELAND SET FOR CHAPTER 11 EXIT; SPENDING PLAN REVEALED

OKLAHOMA CITY -- Homeland Stores here said last week it plans to invest $15 million a year in capital expenditures in each of the next three years as it prepares to emerge from Chapter 11 bankruptcy protection proceedings at the end of the month.James Demme, president and chief executive officer of the 65-unit chain, said the bankruptcy court is scheduled to confirm the company's reorganization plan

OKLAHOMA CITY -- Homeland Stores here said last week it plans to invest $15 million a year in capital expenditures in each of the next three years as it prepares to emerge from Chapter 11 bankruptcy protection proceedings at the end of the month.

James Demme, president and chief executive officer of the 65-unit chain, said the bankruptcy court is scheduled to confirm the company's reorganization plan Friday, July 19, with the plan expected to take effect July 29 following a 10-day wai

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