Dex One Corporation (NYSE:
DEXO) and SuperMedia (NASDAQ:
SPMD)
today announced that each company has received the requisite shareholder
approval for their proposed merger and they both have voluntarily filed
for Chapter 11 in the United States Bankruptcy Court for the District of
Delaware (the “Court”), to implement “pre-packaged” Plans of
Reorganization.
Dex One and SuperMedia intend to use this strategic process to
facilitate the completion of their merger announced on Aug. 21, 2012.
The operations of both companies are expected to continue without
interruption during the restructuring process. Subject to Court approval
of the plans, the companies believe the merger will be completed within
45 to 60 days. These plans intend
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