Central European Distribution (CEDC) Issues 3M Shares to Roust Trading
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Central European Distribution (CEDC) Enters Revised Agreement with Russian Standard
December 28, 2012 9:20 AM ESTCentral European Distribution (NASDAQ: CEDC) has agreed to a revised transaction with Russian Standard (through its affiliate, Roust Trading Ltd. ("RTL")). This agreement represents a renewed commitment by Russian Standard to a strategic alliance with CEDC and is an important vote of confidence in the future success of CEDC's business. The agreement also addresses the ongoing management of CEDC, with directors nominated by Russian Standard taking responsibility for CEDC's operations through a newly-formed committee of the CEDC Board of Directors. A special committee led by CEDC directors unaffiliated with Russian Standard will retain control... More
