MEGAFOODS RECEIVES CHAPTER 11 EXIT APPROVAL

MESA, Ariz. -- Megafoods here last week received approval to exit Chapter 11, possibly by late September, after the U.S. Bankruptcy Court in Phoenix accepted a settlement between the chain and Fleming Cos.onvoting stake in Megafoods' ownership plus other considerations. The settlement was conditionally accepted by the court last week, pending a 20-day period for objections by any unsecured creditors.

MESA, Ariz. -- Megafoods here last week received approval to exit Chapter 11, possibly by late September, after the U.S. Bankruptcy Court in Phoenix accepted a settlement between the chain and Fleming Cos.

onvoting stake in Megafoods' ownership plus other considerations. The settlement was conditionally accepted by the court last week, pending a 20-day period for objections by any unsecured creditors. The court had previously accepted Megafoods' reorganization plan.

However, t

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