Central European Distribution Corp. (fka CEDCQ)

[hondaboost]

CEDC existing shares have values as

Russian Standard chairman Roustam Tariko and his Roust Trading group have agreed to take up to an 85% stake in CEDC in exchange for $172 million in cash

Central European Distribution Corporation (NASDAQ: CEDC) announced today that the Company and its subsidiary, CEDC Finance Corporation International, Inc. (“CEDC FinCo”), have amended their exchange offers, commenced on February 25, 2013, to reflect terms agreed to and supported by the Company, Roust Trading Ltd. (“RTL”), a major investor in the Company, and a Steering Committee of holders of approximately 30% of the outstanding principal amount of CEDC FinCo’s Senior Secured Notes due 2016 (the “2016 Steering Committee”).

Under the terms of the amended exchange offers, which expire at 11:59 PM, New York City Time, on March 22, 2013:

• RTL will acquire 85% of the equity of CEDC in exchange for (i) $172 million in cash, the proceeds of which will be paid by CEDC to holders of the Senior Secured Notes due 2016, and (ii) the compromise of a $50 million secured credit facility previously provided by RTL to CEDC;

• Holders of the Senior Secured Notes due 2016 who tender their Notes will receive (i) the option to receive a total of $172 million in cash, from the proceeds of the RTL investment, pursuant to a “Dutch Auction” procedure (the “Cash Option”) and (ii) to the extent not accepted in the Cash Option or at the option of individual holders, their pro rata share of (a) new secured notes due 2018 in the aggregate principal amount of $450 million (the “New Secured Notes”) and (b) new convertible secured notes due 2018 in the aggregate principal amount of $200 million (the “New Convertible Notes”);

• Holders of CEDC’s 3.00% Convertible Senior Notes due March 15, 2013 who tender their Notes, and RTL, as holder of $20 million principal amount of unsecured notes (the “Unsecured Notes”), together will receive their pro rata share of 10% of the equity in CEDC; and

• CEDC’s existing stockholders will have their stock holdings diluted to 5% of the equity in CEDC.

http://www.parkstreet.com/russian-standard-chairman-roustam-tariko-and-his-roust-trading-group-have-agreed-to-take-up-to-an-85-stake-in-cedc-in-exchange-for-172-million-in-cash/

Roustam Tariko is a Russian Billionaire in the wine businesses. He's going to take over CEDC and get it Re-listed.