COMPANY TOWN ANNEX
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From Times Staff and Wire Reports
Carolco Extends Exchange Offer: The producer of big-budget films pushed back to next Thursday its offer for its various bonds and Vista International shares. The company will also extend the deadline in soliciting acceptances of its prepackaged reorganization from its bondholders. Carolco’s shareholders this week approved the revamping, designed to rebuild the ailing company. Carolco said that as of Thursday it had received “sufficient acceptances.”
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