Former Bowe Bell + Howell seeks 90-day extension of exclusivity

By Jim Witters

Wilmington, Del., Aug. 16 - Mail Systems Liquidation Inc., formerly Bowe Bell + Howell Holdings Inc. is seeking a 90-day extension of its exclusive period to file a plan of reorganization and to solicit acceptance of the plan, according to documents filed Tuesday in the U.S. Bankruptcy Court for the District of Delaware.

The debtors need the time to work "... with the purchaser and other parties in interest to finalize certain post-closing matters in connection with the sale," the filing stated.

On June 23, the company closed the sale of substantially all its assets to Versa Capital Management Inc. and Access Value Investors Inc. for a credit bid of US$80 million and a C$302,000 Canadian cash bid amount.

The extension would move the deadline for filing a reorganization plan through Nov. 14 and the deadline for soliciting votes through Jan. 13.

Bowe Bell + Howell, a Wheeling, Ill., provider of high-performance document management services, filed for bankruptcy on April 18. The Chapter 11 case number is 11-11187.

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