Dex One Corp. (DEXO) and SuperMedia Inc. (SPMD) announced that each company has received the requisite shareholder approval for the proposed merger. The companies have voluntarily filed for Chapter 11 in the United States Bankruptcy Court to implement "pre-packaged" Plans of Reorganization.
The companies intend to work with their respective exchanges to remain listed during the restructuring. Subject to Court approval of the plans, the companies believe their merger will be completed within 45 to 60 days.
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