REDgroup administration: creditors in Oz, NZ support proposed DOCA

3 August 2011 Books+Publishing

Creditors of REDgroup Retail have voted in support of the deed of company arrangement (DOCA) proposed by the group's administrators at creditors' meetings in Melbourne and Auckland this morning. At the Australian meeting, a majority of creditors voted to support the DOCA which will involve $2.14 million in payments to...