Dex, Su­perme­dia file for bank­ruptcy to com­plete merger

The Pak Banker - - 6BUSINESS -

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.

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