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SUBSEQUENT EVENTS
6 Months Ended
Apr. 28, 2013
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

NOTE 15 – SUBSEQUENT EVENTS

 

On May 14, 2013, the CD&R Funds, the holders of 339,293 Preferred Shares, delivered a formal notice requesting the conversion of all of their Preferred Shares into shares of our Common Stock (the “Conversion”). In connection with the Conversion request, we have issued the CD&R Funds 54,136,817 shares of our Common Stock. Under the terms of the Preferred Shares, no consideration is required to be paid by the CD&R Funds to the Company in connection with the Conversion of the Preferred Shares. The Conversion will eliminate all the outstanding Convertible Preferred Stock and increase stockholders’ equity by nearly $620.0 million, returning our stockholders’ equity to a positive balance during our third quarter of fiscal 2013.