---------------------- multipart/alternative attachment Baldwin says to reorganize under chapter 11 MASON, Ohio (Reuters) - Piano maker Baldwin Piano & Organ Co. Wednesday said it intends to file for bankruptcy protection under Chapter 11 of the United States Bankruptcy code partly because of a liquidity squeeze. Liquidity and other problems made the operation of Baldwin, as presently defined, virtually impossible, Kenneth Pavia, the company's chairman, said in a statement. He sited "disproportionate" severance agreements, excessive inventory, excess administrative expenses, internal control issues and excessive executive compensation as being among the company's problems. Bill Bremmer RPT Madison, Wisconsin ---------------------- multipart/alternative attachment An HTML attachment was scrubbed... URL: https://www.moypiano.com/ptg/pianotech.php/attachments/b8/40/b3/ae/attachment.htm ---------------------- multipart/alternative attachment--
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