Midway Games seeks three-month exclusivity extension to complete sale

By Caroline Salls

Pittsburgh, June 8 - Midway Games, Inc. is seeking an extension to its exclusive periods to file a plan of reorganization and to solicit votes on the plan, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive plan-filing period to Sept. 10 from June 12 and the solicitation period to Nov. 9 from Aug. 11.

According to the filing, once Midway's asset sale has been approved, it will be in a position to finalize negotiations with its creditor constituencies on the terms of a proposed plan.

The sale hearing is scheduled for July 1. The exclusivity extension hearing is also scheduled for that date.

Midway Games, based in Chicago, is a developer and publisher of interactive entertainment software for videogame systems and personal computers. The company filed for bankruptcy on Feb. 12, and its Chapter 11 case number is 09-10465.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.