Solutia receives extensions to exclusive periods

By Ellen Chang

Houston, March 11 - Solutia Inc. received extensions to its exclusive periods during which only the company can file a plan of reorganization and solicit acceptances, according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Solutia received an extension to file a plan of reorganization until July 11 from April 11 and an extension for the period to solicit and obtain acceptances until Sept. 7 from June 9.

Solutia, a St. Louis-based chemical company, filed for bankruptcy on Dec. 17, 2003. Its Chapter 11 case number is 03-17949.

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