GSI Group Completes Reorganization
Posted on Aug 23, 2010 10:55am PDT
GSI Group Inc. has finally completed its Chapter 11 bankruptcy reorganization that will cut its debt in half. The company that makes lasers and scanners filed for bankruptcy protection in November and now only owes $107 million in debt as compared to $210 million in November. The comp any originally began having problems in 2008 due to the economy.
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