Summary
NEW YORK -- A bankruptcy judge on Tuesday granted Adelphia Communications Corp. permission to sell its assets to Time Warner Corp. and Comcast Corp. in an estimated $17 billion deal.
Judge Robert Gerber of the Southern District of New York said he would approve an order to be submitted later Tuesday to detach the asset sale from the rest of Adelphia's bankruptcy process, allowing it to be executed without the approval of an overall restructuring plan. Adelphia sought the separation to bypass creditor disputes that have slowed the company in its filing of its plan.See the full content of this document
Extract
Judge Oks Sale of Adelphia Assets
The sale agreement with Time Warner and Comcast had been put in jeopardy because of a July 31 de...
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