Dex, Supermedia file for bankruptcy to complete merger
Directory publishers Dex One Corp. (DEXO), formerly known as R.H. Donnelley Corp., and SuperMedia Inc. (SPMD), formerly Idearc Inc., filed for bankruptcy protection from creditors to facilitate a planned merger. Dex One and SuperMedia's shareholders and lenders agreed to accept a prepackaged Chapter 11 bankruptcy plan, both companies said in separate petitions filed late yesterday and early today in U.S. Bankruptcy court in Delaware. The companies publish yellow pages and online directories and provide advertising services online and through direct mail. Dex One, based in Cary, North Carolina, listed assets of $2.84 billion and liabilities of $2.79 billion.