ROUNDY'S DEBT RECAPITALIZATION REDUCES INVESTOR PAYBACK

MILWAUKEE -- Roundy's here will remain a private company but without any public debt after a financial recapitalization that saw its major investors accept a lower dividend than they had initially sought.Sources said Wall Street responded unenthusiastically to the original plan, which called for a much larger dividend for Willis Stein & Partners, the Chicago-based investment group that formed Roundy's

MILWAUKEE -- Roundy's here will remain a private company but without any public debt after a financial recapitalization that saw its major investors accept a lower dividend than they had initially sought.

Sources said Wall Street responded unenthusiastically to the original plan, which called for a much larger dividend for Willis Stein & Partners, the Chicago-based investment group that formed Roundy's Acquisition Corp. to purchase the company in 2002.

Company officials de

Register to view the full article

test - Advanced Registered User

Already a member? .