Jacksonville, Fla. Winn-Dixie Stores said late Thursday that it will distribute approximately 6.8 million shares to settle unsecured creditors' claims left over from its Chapter 11 bankruptcy.
Winn-Dixie filed for reorganization bankruptcy in 2005 and emerged in 2006. The shares are all that remains of a reserve the grocery retailer formed to handle creditors' claims. Remaining creditors include noteholders, landlords, suppliers, retirement plan participants and other unsecured creditors.
The distribution will take place Friday.