New Winn-Dixie Stock Begins Trading

JACKSONVILLE, Fla. - A market for shares in the reorganized Winn-Dixie has formed, with trading prices indicating market skepticism in the financial projections of the retailer, based here. The "when issued" shares, trading on over-the-counter "pink sheets" under the symbol WINNV, were selling late Monday at $11.40 per share. In its plan of reorganization filed with U.S. Bankruptcy Court, Winn-Dixie valued new shares of its stock at around $15. The court has approved Winn-Dixie's reorganization plan, and the retailer is expected to emerge from bankruptcy protection shortly. Jon Springer