Caraustar Emerges from Chapter 11
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Under the Plan, shares of the company’s common stock will be retired and previous shareholders will receive a pro rata share of $2.9 million. The company’s 7-3/8 percent and 7-1/4 percent Senior Notes have been exchanged for an aggregate of $85 million in new Senior Secured Notes and 100 percent of the common stock of the reorganized company.
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