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Asarco requests three-month exclusivity extension
By Caroline Salls
Pittsburgh, Sept. 1 - Asarco LLC requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of Texas.
The company wants to extend its exclusive plan filing period to Jan. 5 from Oct. 6 and the solicitation period to March 9, 2007 from Dec. 8.
According to the motion, the extension is needed because of case complexities, including environmental, asbestos, bond debt and labor issues.
Asarco, a Tucson, Ariz., mining company, filed for bankruptcy on Aug. 9, 2005. Its Chapter 11 case number is 05-21207.
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