Fedders requests 45-day exclusivity extension to complete asset sales

By Caroline Salls

Pittsburgh, Feb. 29 - Fedders Corp. has requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

The company wants to extend its exclusive plan-filing period to April 14 from Feb. 29 and the solicitation period to June 13 from April 29.

Fedders said the extension will give it time to complete its various asset sales and then to develop and negotiate a plan.

A hearing is scheduled for March 19.

Fedders, a Liberty Corner, N.J., producer and marketer of air treatment products, filed for bankruptcy on Aug. 21, 2007. Its Chapter 11 case number is 07-11176.

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