On the Street -- Merisant Files for Reorganization
September 23/Investment Weekly News -- Merisant Worldwide Inc. and its U.S. subsidiaries announced the filing of their plan of reorganization and related disclosure statement with the U.S. Bankruptcy Court for the District of Delaware.
"The filing of the plan and disclosure statement is an important milestone in Merisant's restructuring," said Paul Block, chairman and chief executive officer of Merisant. "The plan will permit Merisant to exit bankruptcy with significantly reduced debt, poised for growth and prepared to reassert its global leadership role in the low-calorie tabletop sweetener category."