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MATTER OF ALLIED SUPERMARKETS

Bankruptcy Nos. 78-92871-W, 78-92872-W.

21 B.R. 45 (1982)

In the Matter of ALLIED SUPERMARKETS, a Delaware corporation, and Great Scott Super Markets, Inc., a Michigan corporation, Debtors.

United States Bankruptcy Court, E.D. Michigan, S.D.

February 23, 1982.

Attorney(s) appearing for the Case

David K. Page, Detroit, Mich., for Allied Supermarkets and Great Scott Super Markets, Inc.

MEMORANDUM OPINION AND ORDER

GEORGE E. WOODS, Bankruptcy Judge.

FACTS

On May 29, 1981, the debtor, Allied Supermarkets, filed a Plan of Arrangement and it was confirmed on September 29, 1981. Under the Plan, creditors holding a Class Three Debt were entitled to elect to receive either a cash payment or a combination of cash and common stock of Allied. The Plan provided that such election was to be made on a form accompanying the proxy statement...

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