September 15, 2007

IBC: says it might liquidate without union concessions

Kansas City / MO. (ibc) Interstate Bakeries Corporation (IBC) filed a motion with the U.S. Bankruptcy Court requesting an extension of its exclusive period in which to file a plan of reorganization through January 15, 2008 and its exclusive period to solicit acceptances of any plan of reorganization through March 15, 2008. The current exclusivity periods are scheduled to expire October 05, 2007 and December 05, 2007, respectively.
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