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- Title
Kmart Prepares to Reorganize.
- Abstract
The article focuses on the reorganization of Kmart Corp. The company has received a commitment of up to $2 billion in exit financing. The board of directors of Kmart have approved in principle the company's five-year business plan and the structure for an all-equity plan of reorganization. Kmart has broadly completed the process and is expecting to meet or even surpass its original goal. The company had expected that it would complete the actions needed and emerge from Chapter 11 protection by the second quarter of 2003.
- Subjects
CORPORATE reorganizations; KMART Corp.; BOARDS of directors; BUSINESS planning; CORPORATE finance; ORGANIZATIONAL structure; STRATEGIC planning; BUSINESS enterprises; BUSINESS development
- Publication
AATCC Review, 2003, Vol 3, Issue 3, p8
- ISSN
1532-8813
- Publication type
Article