CEDC Central Europ.Distri. $ WKN: 916901 ISIN: US1534351028 Tabak & Vodka & Distille

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CEDC Central Europ.Distri. $ WKN: 916901 ISIN: US1534351028

Tabak & Vodka & Distillers/Alcohol Products is a very profitable Worldwide Business $$$

Central European Distribution Corp , one of the world's largest vodka producers, said it has scrapped a bond exchange after a rival company owned by its chairman made its own offer for the same notes

$$$$$$$ STRONG BUY & STRONG LONG $$$$$$$$
About CEDC

http://www.cedc.com/en/about-us

We are one of the world’s largest vodka producers. We maintain leading positions in all of our key markets: Poland, Russia and Hungary. Our brand portfolio includes valuable and recognized brands like BOLS, Żubrówka, Absolwent and Soplica in Poland; Green Mark and Parliament in Russia; and Royal Vodka in Hungary. Each of these is a leader of their segment in those markets.


$$$$$$$$$$

CENTRAL EUROPEAN DISTRIBUTION Aktie
WKN: 916901
ISIN: US1534351028
Symbol: CEDC
Typ: Aktie
Company Website: http://www.cedc.com/en

Very Tight/Explosiv $$$

Market Cap 51.30M
Outstanding 78.76M
Float 68.69M
Short Interest 9.34M
Short % of Float 13.6 %
Insider B/S 4,000
Inst % Owned 36 %
Exchange NASDAQ

Sector/Division: Tabak & Distillers/Alcohol Produkts


History price per Chaare: Over $ 75,00 $ US Dollar /Price per Share in 2008.

Boersenplatz/Exchange:


Frankfurt/Germany
NASDAQ/USA

Major Direct Holders (Forms 3 & 4) &
Top Institutional Holders
Top Mutual Fund Holders

http://uk.finance.yahoo.com/q/mh?s=CEDC

Details
Index Membership: N/A
Sector: Consumer Goods
Industry: Beverages - Wineries & Distillers
Full Time Employees: 4,489

Current News:

Central European Distribution Corporation Announces Exchange Offers to Holders of Certain Notes
Date : 02/25/2013 @ 5:40PM
Source : PR Newswire (US)
Stock : Central European Distribution Corp. (MM) (CEDC)
Quote : 0.6513 0.0282 (4.53%) @ 8:00PM

Central European Distribution Corporation Announces Exchange Offers to Holders of Certain Notes

Central European Distribution (NASDAQ:CEDC)
Intraday Stock Chart

Today : Tuesday 26 February 2013
Click Here for more Central European Distribution Charts.

MT. LAUREL, N.J., Feb. 25, 2013 /PRNewswire/ -- Central European Distribution Corporation (NASDAQ: CEDC) announced today that the Company and its subsidiary CEDC Finance Corporation International, Inc. have launched exchange offers to holders of their outstanding Convertible Senior Notes due 2013 and Senior Secured Notes due 2016. The exchange offers are part of a financial restructuring that contemplates a reduction of senior note debt by more than $750 million.

The exchange offers were prompted in part by the impending March 15, 2013 maturity of the Convertible Senior Notes. Moreover, the Company believes that a successful restructuring of both the Convertible Senior Notes and the Senior Secured Notes will improve its financial strength and flexibility and enable it to focus on maximizing the value of its strong brands and market position. The Company is engaged in ongoing and constructive discussions with representatives of its major stakeholders about the terms of the exchange offers.

Separately, the Company has been informed that a committee of holders of the 2016 Senior Secured Notes and Roust Trading Ltd. (RTL), a major CEDC investor, have proposed an alternative to the Company's exchange offers. The alternative proposal has not been formally presented to the CEDC Board of Directors, and the Board therefore has taken no position on it. However, the terms of the alternative proposal are summarized in the same Offering Memorandum that the Company is providing to Note holders to describe the Company's exchange offers.

Under the Company's exchange offers, which expire at 11:59 PM, New York City Time, on March 22, 2013:

Holders of the outstanding 3% Convertible Senior Notes Due 2013 issued by CEDC will receive in exchange for each $1,000 principal amount of their notes 8.86 new shares of CEDC common stock.
Holders of the outstanding 9.125% Senior Secured Notes due 2016 issued by CEDC Finance Corporation International, Inc. will receive in exchange for each $1,000 principal amount of their notes 16.52 new shares of CEDC common stock and $508.21 principal amount of 6.5% Senior Secured Notes due 2020.
Holders of the outstanding 8.875% Senior Secured Notes due 2016 issued by CEDC Finance Corporation International, Inc. will receive in exchange for each €1,000 principal amount of their notes 22.18 new shares of CEDC common stock and $682.37 principal amount of 6.5% Senior Secured Notes due 2020.

Holders of both the Dollar and Euro classes of Senior Secured Notes are being solicited, subject to the same deadline, to approve certain amendments to the indenture governing their Notes, and holders of both the Convertible Senior Notes and the Senior Secured Notes are being solicited, again subject to the same deadline, to approve a back-up Chapter 11 Plan of Reorganization.

Assuming 100% participation in the exchange offers, holders of the Senior Secured Notes collectively would receive 65% of the common stock in CEDC. The Senior Secured Notes, with a current outstanding principal balance of approximately $957 million (assuming an exchange rate of $1.3427 to €1.00), would be replaced with $500 million aggregate principal amount of new 6.5% Senior Secured Notes due 2020 referred to above. Holders of the Convertible Senior Notes, with a current outstanding principal balance of approximately $258 million, and RTL, which is owed $20 million in unsecured notes, together would share pro rata in 10% of CEDC's common stock. A separate $50 million secured credit facility provided by RTL would be converted into 20% of CEDC's common stock.

CEDC's recent business performance has been positive, and the Company is optimistic about future results. However, current enterprise value is insufficient to cover the debt and hence distributions to creditors will not be enough to pay them in full. CEDC nevertheless has structured a proposal that affords an opportunity for its shareholders to participate in the upside of the Company's turnaround. Accordingly, existing shareholders are being offered a 5% stake in the reorganized Company.

The final direction of the restructuring will be based on the outcome of the solicitation process. If sufficient Notes are tendered in the exchange and shareholders approve the plan, CEDC will consummate the exchange offers. Alternatively, the Company may choose to effectuate the restructuring through a fall-back, pre-packaged Plan of Reorganization through a filing in the U.S. Bankruptcy Court for the District of Delaware. Absent requisite support for the Plan, the Company may be forced to explore other immediate alternatives.

If the Company decides to make a bankruptcy filing to effectuate its Plan of Reorganization, it is not expected to affect CEDC's operations in Poland, Hungary, Russia or Ukraine. The Company will have sufficient cash and resources on hand to ensure that its business will continue as usual and all obligations to employees, vendors, and providers of credit support lines in Poland, Hungary, Russia and Ukraine will be honored in the ordinary course of business.

The exchange offers are subject to the satisfaction or waiver of certain conditions set forth in the Offering Memorandum, dated February 25, 2013 (the "Offering Memorandum"), including but not limited to a minimum tender condition. Subject to applicable law, CEDC may amend, extend or waive conditions to, or terminate, the exchange offers. Full details of the terms and conditions of the exchange offers are described in the Offering Memorandum and the Letter of Transmittal for each of the Convertible Notes and the Senior Secured Notes, which are being sent to the respective holders of such Notes. As mentioned above, the Offering Memorandum also contains a summary of key terms of the alternative proposal being put forward by the committee of 2016 Senior Secured Notes holders and RTL.

CEDC has filed today a Tender Offer Statement on Schedule TO, together with the Offering Memorandum and related Letters of Transmittal that are exhibits to the Tender Offer Statement on Schedule TO, with the Securities and Exchange Commission ("SEC"). Each such document, as well as any amendments, supplements or additional exhibits thereto, are available, free of charge, from the SEC's website at www.sec.gov. Note holders are encouraged to read these documents, as they contain important information regarding the tender offer.

Requests for the Offering Memorandum and other documents relating to the Exchange Offers may be directed to Garden City Group, the information and exchange agent for the exchange offers, at (800) 878-1684 (toll-free North America) or (614) 763-6110 (direct-dial toll international).

None of CEDC, CEDC Finance Corporation International, Inc., or the information and exchange agent makes any recommendation as to whether holders should tender their notes pursuant to the exchange offers. Each holder must make its own decision as to whether to tender its notes and, if so, the principal amount of the notes to be tendered.

This press release is for informational purposes only and is neither an offer to buy nor a solicitation of an offer to sell the notes or any other securities of CEDC.

The exchange offers are being made pursuant to an exemption from registration under Section 3(a)(9) of the Securities Act of 1933. The exchange offers are only being made pursuant to the Offering Memorandum and the related Letters of Transmittal. The exchange offers are not being made to noteholders in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

Contact:
Thomas Mulligan
thomas_mulligan@sitrick.com
212-573-6100

SOURCE Central European Distribution Corporation

Copyright 2013 PR Newswire

Business Summary

Central European Distribution Corporation, together with its subsidiaries, produces, imports, and sells alcoholic beverages in Poland, Hungary, and the Russian Federation. It produces and sells vodka primarily under the Absolwent, Zubrówka, Zubrówka Biala, Bols, Palace, Soplica, Green Mark, Parliament, Zhuravli, Royal, and Talka brand names. It also imports spirits, wines, and beers of various brands, including Jim Beam Bourbon, Campari, Jägermeister, Remy Martin Cognac, Corona, Budweiser (Budvar), E&J Gallo wines, Carlo Rossi wines, Sutter Home wines, Metaxa Brandy, Sierra Tequila, Teacher’s Whisky, Cinzano, Old Smuggler, Grant’s Whisky, Concha y Toro wines, Paul Masson wines, Jose Cuervo tequila, and Great Valley brandy. In addition, the company exports its products principally to Ukraine, the Baltics, the Commonwealth of Independent States, the United States, Japan, the United Kingdom, and France. Central European Distribution Corporation was founded in 1990 and is based in Mount Laurel, New Jersey

Central European Distribution Corp.
3000 Atrium Way
Suite 265
Mount Laurel, NJ 08054
United States - Map
Phone: 856-273-6980
Fax: 856-273-6996
Website: http://www.cedc.com/en

http://ih.advfn.com/p.php?pid=nmona&article=56490235

Major Holders Get Major Holders for:
Breakdown
% of Shares Held by All Insider and 5% Owners: 20%
% of Shares Held by Institutional & Mutual Fund Owners: 25%
% of Float Held by Institutional & Mutual Fund Owners: 32%
Number of Institutions Holding Shares: 81

Major Direct Holders (Forms 3 & 4)
Holder Shares Reported
ROUST TRADING LTD. 12,920,411 7 May 2012
CAREY WILLIAM V 2,447,249 1 Jan 2012
LEE RYAN 179,000 22 Jan 2013
WINTERTON GRANT 160,000 10 Jan 2013
EVANGALOU EVANGELOS 134,719 1 Jan 2012

Top Institutional Holders
Holder Shares % Out Value* Reported
Vanguard Group, Inc. (The) 3,655,181 4.64 7,931,742 31 Dec 2012
BlackRock Institutional Trust Company, N.A. 1,876,838 2.38 4,072,738 31 Dec 2012
BlackRock Fund Advisors 1,516,287 1.93 3,290,342 31 Dec 2012
State Street Corporation 1,233,915 1.57 2,677,595 31 Dec 2012
Dimensional Fund Advisors LP 1,050,900 1.33 2,280,453 31 Dec 2012
Northern Trust Corporation 886,240 1.13 1,923,140 31 Dec 2012
CALPERS (California-Public Employees Retirement System) 743,620 0.94 1,613,655 31 Dec 2012
Bank of America Corporation 663,374 0.84 1,439,521 31 Dec 2012
Knightsbridge Asset Management, LLC 403,200 0.51 874,944 31 Dec 2012
Bank of New York Mellon Corporation 398,795 0.51 865,385 31 Dec 2012

Top Mutual Fund Holders
Holder Shares % Out Value* Reported
Vanguard Small-Cap Index Fund 1,083,961 1.38 3,089,288 30 Sep 2012
iShares Russell 2000 Index Fund 873,123 1.11 1,894,676 31 Dec 2012
Vanguard Total Stock Market Index Fund 819,306 1.04 2,335,022 30 Sep 2012
Vanguard Small Cap Value Index Fund 595,773 0.76 1,697,953 30 Sep 2012
Vanguard Extended Market Index Fund 571,166 0.73 1,627,823 30 Sep 2012
iShares Russell 2000 Value Index Fund 462,992 0.59 1,004,692 31 Dec 2012
AXA Premier VIP Multimanager Mid Cap Value Portfolio 407,503 0.52 1,161,383 30 Sep 2012
Vanguard Consumer Staples Index Fund 261,350 0.33 441,681 30 Nov 2012
College Retirement Equities Fund-Stock Account 248,629 0.32 708,592 30 Sep 2012
DFA Tax Managed U.S. Targeted Value Port 195,685 0.25 504,867 31 Oct 2012

http://www.cedc.com/en


Central European Distribution Corporation Announces Exchange Offers to Holders of Certain Notes

23:45 25.02.13

PR Newswire

MT. LAUREL, N.J., Feb. 25, 2013

MT. LAUREL, N.J., Feb. 25, 2013 /PRNewswire/ -- Central European Distribution Corporation (NASDAQ: CEDC) announced today that the Company and its subsidiary CEDC Finance Corporation International, Inc. have launched exchange offers to holders of their outstanding Convertible Senior Notes due 2013 and Senior Secured Notes due 2016. The exchange offers are part of a financial restructuring that contemplates a reduction of senior note debt by more than $750 million.

The exchange offers were prompted in part by the impending March 15, 2013 maturity of the Convertible Senior Notes. Moreover, the Company believes that a successful restructuring of both the Convertible Senior Notes and the Senior Secured Notes will improve its financial strength and flexibility and enable it to focus on maximizing the value of its strong brands and market position. The Company is engaged in ongoing and constructive discussions with representatives of its major stakeholders about the terms of the exchange offers.

Separately, the Company has been informed that a committee of holders of the 2016 Senior Secured Notes and Roust Trading Ltd. (RTL), a major CEDC investor, have proposed an alternative to the Company's exchange offers. The alternative proposal has not been formally presented to the CEDC Board of Directors, and the Board therefore has taken no position on it. However, the terms of the alternative proposal are summarized in the same Offering Memorandum that the Company is providing to Note holders to describe the Company's exchange offers.

Under the Company's exchange offers, which expire at 11:59 PM, New York City Time, on March 22, 2013:

Holders of the outstanding 3% Convertible Senior Notes Due 2013 issued by CEDC will receive in exchange for each $1,000 principal amount of their notes 8.86 new shares of CEDC common stock.
Holders of the outstanding 9.125% Senior Secured Notes due 2016 issued by CEDC Finance Corporation International, Inc. will receive in exchange for each $1,000 principal amount of their notes 16.52 new shares of CEDC common stock and $508.21 principal amount of 6.5% Senior Secured Notes due 2020.
Holders of the outstanding 8.875% Senior Secured Notes due 2016 issued by CEDC Finance Corporation International, Inc. will receive in exchange for each ¤1,000 principal amount of their notes 22.18 new shares of CEDC common stock and $682.37 principal amount of 6.5% Senior Secured Notes due 2020.

Holders of both the Dollar and Euro classes of Senior Secured Notes are being solicited, subject to the same deadline, to approve certain amendments to the indenture governing their Notes, and holders of both the Convertible Senior Notes and the Senior Secured Notes are being solicited, again subject to the same deadline, to approve a back-up Chapter 11 Plan of Reorganization.

Assuming 100% participation in the exchange offers, holders of the Senior Secured Notes collectively would receive 65% of the common stock in CEDC. The Senior Secured Notes, with a current outstanding principal balance of approximately $957 million (assuming an exchange rate of $1.3427 to ¤1.00), would be replaced with $500 million aggregate principal amount of new 6.5% Senior Secured Notes due 2020 referred to above. Holders of the Convertible Senior Notes, with a current outstanding principal balance of approximately $258 million, and RTL, which is owed $20 million in unsecured notes, together would share pro rata in 10% of CEDC's common stock. A separate $50 million secured credit facility provided by RTL would be converted into 20% of CEDC's common stock.

CEDC's recent business performance has been positive, and the Company is optimistic about future results. However, current enterprise value is insufficient to cover the debt and hence distributions to creditors will not be enough to pay them in full. CEDC nevertheless has structured a proposal that affords an opportunity for its shareholders to participate in the upside of the Company's turnaround. Accordingly, existing shareholders are being offered a 5% stake in the reorganized Company.

The final direction of the restructuring will be based on the outcome of the solicitation process. If sufficient Notes are tendered in the exchange and shareholders approve the plan, CEDC will consummate the exchange offers. Alternatively, the Company may choose to effectuate the restructuring through a fall-back, pre-packaged Plan of Reorganization through a filing in the U.S. Bankruptcy Court for the District of Delaware. Absent requisite support for the Plan, the Company may be forced to explore other immediate alternatives.

If the Company decides to make a bankruptcy filing to effectuate its Plan of Reorganization, it is not expected to affect CEDC's operations in Poland, Hungary, Russia or Ukraine. The Company will have sufficient cash and resources on hand to ensure that its business will continue as usual and all obligations to employees, vendors, and providers of credit support lines in Poland, Hungary, Russia and Ukraine will be honored in the ordinary course of business.

The exchange offers are subject to the satisfaction or waiver of certain conditions set forth in the Offering Memorandum, dated February 25, 2013 (the "Offering Memorandum"), including but not limited to a minimum tender condition. Subject to applicable law, CEDC may amend, extend or waive conditions to, or terminate, the exchange offers. Full details of the terms and conditions of the exchange offers are described in the Offering Memorandum and the Letter of Transmittal for each of the Convertible Notes and the Senior Secured Notes, which are being sent to the respective holders of such Notes. As mentioned above, the Offering Memorandum also contains a summary of key terms of the alternative proposal being put forward by the committee of 2016 Senior Secured Notes holders and RTL.

CEDC has filed today a Tender Offer Statement on Schedule TO, together with the Offering Memorandum and related Letters of Transmittal that are exhibits to the Tender Offer Statement on Schedule TO, with the Securities and Exchange Commission ("SEC"). Each such document, as well as any amendments, supplements or additional exhibits thereto, are available, free of charge, from the SEC's website at www.sec.gov. Note holders are encouraged to read these documents, as they contain important information regarding the tender offer.

Requests for the Offering Memorandum and other documents relating to the Exchange Offers may be directed to Garden City Group, the information and exchange agent for the exchange offers, at (800) 878-1684 (toll-free North America) or (614) 763-6110 (direct-dial toll international).

None of CEDC, CEDC Finance Corporation International, Inc., or the information and exchange agent makes any recommendation as to whether holders should tender their notes pursuant to the exchange offers. Each holder must make its own decision as to whether to tender its notes and, if so, the principal amount of the notes to be tendered.

This press release is for informational purposes only and is neither an offer to buy nor a solicitation of an offer to sell the notes or any other securities of CEDC.

The exchange offers are being made pursuant to an exemption from registration under Section 3(a)(9) of the Securities Act of 1933. The exchange offers are only being made pursuant to the Offering Memorandum and the related Letters of Transmittal. The exchange offers are not being made to noteholders in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

Contact:

Thomas Mulligan
thomas_mulligan@sitrick.com
12-573-6100
SOURCE Central European Distribution Corporation
http://ih.advfn.com/p.php?pid=squote&symbol=CEDC

STRONG BUY STRONG LONG $$$ TARGET: 80,00 - 100,00 Euro+ $$$$

[TankerOne]

Major Holders Get Major Holders for:
Breakdown
% of Shares Held by All Insider and 5% Owners: 20%
% of Shares Held by Institutional & Mutual Fund Owners: 25%
% of Float Held by Institutional & Mutual Fund Owners: 32%
Number of Institutions Holding Shares: 81

Major Direct Holders (Forms 3 & 4)
Holder Shares Reported
ROUST TRADING LTD. 12,920,411 7 May 2012
CAREY WILLIAM V 2,447,249 1 Jan 2012
LEE RYAN 179,000 22 Jan 2013
WINTERTON GRANT 160,000 10 Jan 2013
EVANGALOU EVANGELOS 134,719 1 Jan 2012

Top Institutional Holders
Holder Shares % Out Value* Reported
Vanguard Group, Inc. (The) 3,655,181 4.64 7,931,742 31 Dec 2012
BlackRock Institutional Trust Company, N.A. 1,876,838 2.38 4,072,738 31 Dec 2012
BlackRock Fund Advisors 1,516,287 1.93 3,290,342 31 Dec 2012
State Street Corporation 1,233,915 1.57 2,677,595 31 Dec 2012
Dimensional Fund Advisors LP 1,050,900 1.33 2,280,453 31 Dec 2012
Northern Trust Corporation 886,240 1.13 1,923,140 31 Dec 2012
CALPERS (California-Public Employees Retirement System) 743,620 0.94 1,613,655 31 Dec 2012
Bank of America Corporation 663,374 0.84 1,439,521 31 Dec 2012
Knightsbridge Asset Management, LLC 403,200 0.51 874,944 31 Dec 2012
Bank of New York Mellon Corporation 398,795 0.51 865,385 31 Dec 2012

Top Mutual Fund Holders
Holder Shares % Out Value* Reported
Vanguard Small-Cap Index Fund 1,083,961 1.38 3,089,288 30 Sep 2012
iShares Russell 2000 Index Fund 873,123 1.11 1,894,676 31 Dec 2012
Vanguard Total Stock Market Index Fund 819,306 1.04 2,335,022 30 Sep 2012
Vanguard Small Cap Value Index Fund 595,773 0.76 1,697,953 30 Sep 2012
Vanguard Extended Market Index Fund 571,166 0.73 1,627,823 30 Sep 2012
iShares Russell 2000 Value Index Fund 462,992 0.59 1,004,692 31 Dec 2012
AXA Premier VIP Multimanager Mid Cap Value Portfolio 407,503 0.52 1,161,383 30 Sep 2012
Vanguard Consumer Staples Index Fund 261,350 0.33 441,681 30 Nov 2012
College Retirement Equities Fund-Stock Account 248,629 0.32 708,592 30 Sep 2012
DFA Tax Managed U.S. Targeted Value Port 195,685 0.25 504,867 31 Oct 2012

[TankerOne]

CEDC - BIG NEWS:
Source: Russia’s tycoon Tariko remaining contender to rescue CEDC

MOSCOW, Mar 29 (PRIME) -- Russian investment companyA1 has recalled its offer to restructure the debts of Polish vodka maker CEDC, leaving businessman Rustam Tariko the only remaining contender to rescue the firm, a source with knowledge of the situation told PRIME late on Thursday.

CEDC had to repay U.S. $257.9 million worth of unsecured bonds on March 15, but the company informed creditors that it has no money and postponed making a decision on the restructuring of its debt to April 4. CEDC’s total debt stands at $1.2 billion, of which $957 million are in the form of secured bonds maturing in 2016.

The bond holders suggested raising A1’s investments by $50 million to $330 million in exchange for a 100% stake in CEDC.

“This factor makes participating in restructuring senseless. The ceaseless boosting of payments destroys the benefit of investment,” the source said.

Tariko’s Roust Trading Ltd (RTL) offered to pay $172 million in cash to the holders of bonds maturing in 2016 and change the rest for $650 million bonds maturing in 2018. Tariko would then drive his stake in CEDC to over 95%, compared with his current 19.5%.

The source said that Tariko and A1 had agreed that the latter would withdraw his candidacy, so as to prevent a hike in the proposed investments.

End
29.03.2013 09:31

LINK: http://www.1prime.biz/news/archive/_...803C3BB%7D.uif

[TankerOne]

http://www.cedc.com/en/age-check?destination=en

[TankerOne]

CEDC - We are one of the world’s largest vodka producers. We maintain leading positions in all of our key markets: Poland, Russia and Hungary. Our brand portfolio includes valuable and recognized brands like BOLS, Żubrówka, Absolwent and Soplica in Poland; Green Mark and Parliament in Russia; and Royal Vodka in Hungary. Each of these is a leader of their segment in those markets.

Quick fact

In 2010, companies belonging to the CEDC Group produced 32.7 million of 9-liter vodka cases, which put the CEDC Group in the first place among vodka producers.

[TankerOne]

http://www.investorguide.com/stock-a...hp?ticker=CEDC