Shareholders Will Determine Pfleiderer's Future

Neumarkt, Germany, April 15, 2011 -- Pfleiderer's future hinges on a shareholder vote this summer on whether to approve the firm's debt reduction strategy, according to Euwid Wood Products and Panels.

The firm recently negotiated a stop-gap measure for transitional financing and is working on a longer term plan.

The plan will have to be approved by a 75% majority.