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SFX Bankruptcy Plan is confirmed.

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1manband   Thursday, 11/10/16 04:31:17 PM
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SFX Bankruptcy Plan is confirmed.

"U.S. Bankruptcy Judge Mary F. Walrath confirmed the company’s bankruptcy plan after rejecting arguments from two current stockholders claiming that SFX and its advisers underestimated the company’s current and future value. That valuation ruled out any recovery for prepetition equity holders under the company's bankruptcy plan"

The old common shares will definitely be cancelled.

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