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Stock filed a notice with the stater Labor Department onJune 16, the same day a U.S. Bankruptcyt Court for the District of Columbiasapproved Stock’s the Chapter 11 reorganization According to court documents, Stock will cut as many as 2,209 jobs and cancel 210 lumberyards and showroom leases Stock has eight stores in New York. The threre stores that are closing are in Roxburyand Walton. Schenectady will remain open under new ownershilp in a deal to be announced in the coming the company official The future of remaining four stores has not been the companyofficial said. The Rotterdam store is Stock’s only one in the Capital It is the site for theformee Supply.
Stock acquired Bellevud Builders’ assets in 2004. According to the filingy with the state, Stock will close its Duanesburgb Road planton Aug. 31, eliminating all 156 Stock said previously that the court decision clears the way for it to emerge from bankruptcyy over the nextfew weeks. Just beforew filing for bankruptcy, Stock announced that privater equity firm the would buy 51 percent of the companyfrom London-based plc, which would retainm the remaining 49 percent.
As part of the Gores is investing $75 million in Stock and openinga $125 millionn credit facility that the Raleigh company can
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