/biz/ - Business & Finance

On February 22, 2005, Winn-Dixie filed for bankruptcy.

On June 29, 2006, Winn-Dixie announced that it had filed a plan of reorganization with the U.S. Bankruptcy Court for the Middle District of Florida. The company emerged from Chapter 11 protection on November 21, 2006, in a much stronger financial position.

In 2007, the Turnaround Management Association (TMA) recognized Holly with its Turnaround of the Year Award for the successful turnaround of Winn-Dixie Stores, Inc.

At the depths of the Winn-Dixie bankruptcy, the shares sold for as low as 25 cents a share, Flickinger said. But when the Bi-Lo acquisition happened, those shares jumped to $9.25 each. Shareholders tendered or sold their shares back to Bi-Lo - and Winn-Dixie stock then became nonexistent.

KEK HEDGIES

On February 22, 2005, Winn-Dixie filed for bankruptcy.

On June 29, 2006, Winn-Dixie announced that it had filed a plan of reorganization with the U.S. Bankruptcy Court for the Middle District of Florida. The company emerged from Chapter 11 protection on November 21, 2006, in a much stronger financial position.

In 2007, the Turnaround Management Association (TMA) recognized Holly with its Turnaround of the Year Award for the successful turnaround of Winn-Dixie Stores, Inc.

At the depths of the Winn-Dixie bankruptcy, the shares sold for as low as 25 cents a share, Flickinger said. But when the Bi-Lo acquisition happened, those shares jumped to $9.25 each. Shareholders tendered or sold their shares back to Bi-Lo - and Winn-Dixie stock then became nonexistent.

KEK HEDGIES