Specialty Products granted second six-month exclusivity extension

By Caroline Salls

Pittsburgh, April 28 - Specialty Products Holding Corp. obtained a second extension to its exclusive periods for filing and soliciting votes on a plan of reorganization, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive plan-filing period was extended to Sept. 30 from March 31 and the solicitation period to Nov. 29, 2011 from May 30.

According to the motion, Specialty Products needs more time to obtain and analyze asbestos liability information and then to negotiate a plan of reorganization.

Specialty Products and Bondex International Inc. are subsidiaries of RPM International Inc., a Medina, Ohio-based producer of specialty chemicals. The subsidiaries filed for bankruptcy on May 31, 2010, and their Chapter 11 case number is 10-11780.

© 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.