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Idearc eyes three-month extension of exclusive solicitation period
By Caroline Salls
Pittsburgh, Aug. 7 - Idearc Inc. asked the U.S. Bankruptcy Court for the Northern District of Texas to extend its exclusive period for soliciting votes on its plan of reorganization to Dec. 26, according to a Friday filing.
The exclusive solicitation period is currently set to expire on Sept. 27.
Idearc said the extension will give it more time to resolve a dispute regarding the validity, extent and priority of lender liens.
As previously reported, the company filed its plan and related disclosure statement on May 15.
Idearc, a Dallas-based provider of yellow and white page directories and related advertising products, filed for bankruptcy on March 31. Its Chapter 11 case number is 09-31828.
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