Hedge Fund Files Notice of Appeal from Order Affirming Nash Finch Convertible Note Conversion...

MINNEAPOLIS--(BUSINESS WIRE)--Nash Finch Company (Nasdaq:NAFC - News ), a leading national food distributor, announced today that hedge fund Rumson Capital, LLC filed a Notice of Appeal from the Order of the Hennepin County District Court that held that: Nash Finch properly adjusted the conversion rate on its Senior Subordinated Convertible Notes due 2035 after the Company increased the amount of dividends it paid to its shareholders; and directed the Trustee to Execute a Supplemental Indenture that clarified the provision of the Indenture allowing for a conversion rate adjustment. Rumson Capital is also appealing the trial court’s earlier issuance of a Temporary Restraining Order. Nash Finch believes the appeal has no merit and intends to oppose it. About Nash Finch Nash Finch is a Fortune 1000 company and one of the leading... [read full story]