ATA Holdings released settlement distribution details concerning its late February exit from Chapter 11 protection, which was confirmed orally by a US Bankruptcy Court judge Monday (ATWOnline, Jan. 31) and was due to receive official approval yesterday. Unsecured creditors will receive distributions of new common stock representing 7% of the outstanding equity in the new holding company in addition to warrants to acquire 2% of the new common stock outstanding upon emergence. A rights ...

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