Oglebay Norton's disclosure statement gets approved

By Jeff Pines

Washington, Aug. 11 - The U.S. Bankruptcy Court for the District of Delaware approved Oglebay Norton Co.'s disclosure statement Aug. 4 after the company made the modifications the judge requested.

Oglebay Norton reported the approval in a filing with the Securities and Exchange Commission Wednesday.

The Cleveland-based company is mailing ballots to stakeholders to vote on its reorganization plan.

A confirmation hearing is scheduled for Sept. 29.

Oglebay Norton, which mines and transports minerals, filed for bankruptcy on Feb. 23. Its Chapter 11 case number is 04-10558.

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