Visteon gets third exclusivity extension to negotiate consensual plan

By Lisa Kerner

Charlotte, N.C., May 12 - Visteon Corp.'s request for a third extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan was granted, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The court extended the company's exclusive plan filing period to June 29 from April 30 and the solicitation period to Aug. 28 from July 30.

Previously the court extended Visteon's exclusive plan filing period to April 30 from Feb. 22 and the solicitation period to from July 30 from April 23.

Visteon, a Van Buren Township, Mich., global automotive supplier, filed for bankruptcy on May 28, 2009. Its Chapter 11 case number is 09-11786.

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