TEL AVIV, Israel, Aug. 29, 2012 (GLOBE NEWSWIRE) -- Ampal-American Israel Corporation (Nasdaq: AMPL), a holding company with experience in acquiring interests in various businesses with emphasis in recent years on energy, chemical and related fields, announced today that it has filed a voluntary petition for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of New York. The Company's Board of Directors determined that such a filing is in the best interests of the Company's stakeholders and the best and most efficient method for the Company to pursue a plan to restructure the Company's Series A, Series B and Series C debentures (the "Debentures").
Ampal-American Israel Corporation Files Chapter 11 Petition
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