WINN-DIXIE'S EXIT PLAN: BACK IN BLACK BY 2008

JACKSONVILLE, Fla. - Winn-Dixie Stores last week filed a plan of reorganization in U.S. Bankruptcy Court here, signaling a 16-month stay in Chapter 11 is nearing an end.The plan values the reorganized retailer at around $759 million, with 50 million new shares of stock to be distributed - or not distributed - among 21 classes of creditors. The company would be virtually free of debt and positioned

JACKSONVILLE, Fla. - Winn-Dixie Stores last week filed a plan of reorganization in U.S. Bankruptcy Court here, signaling a 16-month stay in Chapter 11 is nearing an end.

The plan values the reorganized retailer at around $759 million, with 50 million new shares of stock to be distributed - or not distributed - among 21 classes of creditors. The company would be virtually free of debt and positioned to return to profitability in fiscal year 2008, according to company projections. Wacho

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