Reader's Digest Delays Chapter 11 Emergence
It looks like it will be a little while longer before the Reader’s Digest Association is out of bankruptcy court.
Although the Reader’s Digest publisher had planned to emerge from Chapter 11 today, the company said this morning that it was delaying, “to address an issue” dealing the pension plan at its U.K. division the Reader’s Digest Association, Ltd.
“Last month, the U.K. entity came to an agreement with the trustees of its pension plan and the U.K.
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