Law360, New York (March 15, 2010, 2:02 PM ET) -- Equity holders of GSI Group Inc. would see their stake in the company increase under a modified Chapter 11 plan of reorganization the company announced Monday.
Existing shareholders would receive about 41 percent of stock in the post-bankruptcy version of GSI, up from 18.6 percent under an initial prepackaged plan the company proposed when it filed for bankruptcy in November, according to a statement from GSI Monday.
Equity holders also would receive one series of three-year warrants equal to 11 percent of the company's post-consummation shares...
Modified Plan Would Up GSI Shareholders' Stake
To view the full article, take a free trial now.
