Visteon granted five-month exclusivity extension to negotiate plan

By Alice Popovici

New York, Oct. 8 - Visteon Corp. received a five-month extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company's exclusive plan-filing period will be extended to Feb. 22 from Sept. 25 and the solicitation period to April 23, 2010 from Nov. 24.

Visteon, a Van Buren Township, Mich., global automotive supplier, filed for bankruptcy on May 28. Its Chapter 11 case number is 09-11786.

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