Metaldyne receives authorization for four-month exclusivity extension

By Alice Popovici

New York, Sept. 16 - Metaldyne Corp. received approval to extend its exclusive periods to file a plan of reorganization and solicit votes on the plan during a Wednesday hearing in the U.S. Bankruptcy Court for the Southern District of New York, according to an attorney familiar with the case.

The company's exclusive plan-filing period will be extended to Jan. 22 from Sept. 24 and the solicitation period to March 23, 2010 from Nov. 23.

Metaldyne, a Plymouth, Mich.-based maker of metal-based components, assemblies and modules for transportation-related powertrain and chassis applications, filed for bankruptcy on May 27. The Chapter 11 case number is 09-13412.

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