W.R. Grace gets extension on exclusivity periods

By Jeff Pines

Washington, June 17 - W.R. Grace & Co. received an extension on its exclusive right to file a reorganization plan to Nov. 24 and will have until Jan. 24 to solicit votes for the plan.

The order was filed with the U.S. Bankruptcy Court for the District of Delaware on Wednesday.

Grace, a Columbia, Md.-based chemical company, filed for bankruptcy on April 2, 2001 over the increasing number of asbestos claims it was getting. Its Chapter 11 case number is 01-01139.

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