Printer Friendly

NATIONAL GYPSUM AND AANCOR DISCLOSURE STATEMENT APPROVED

 NATIONAL GYPSUM AND AANCOR DISCLOSURE STATEMENT APPROVED
 DALLAS, Sept. 4 /PRNewswire/ -- National Gypsum Company's and its


parent Aancor Holdings, Inc.'s Chapter 11 joint disclosure statement was approved today by the United States Bankruptcy Court for the Northern District of Texas, Dallas, for use in soliciting creditor approval of both companies' joint reorganization plan, it was announced by Peter C. Browning, chairman and chief executive officer.
 The Court also approved the bond and trade committee's disclosure statement. Both statements and reorganization plans will be mailed jointly to creditors on or before Sept. 23, 1992. The deadline for voting was set by the Court at 4:00 p.m. C.S.T. on Nov. 20, 1992.
 The solicitation agent for National Gypsum Co. will be D.F. King & Co., Inc., 77 Water Street, New York, New York 10005, (212-269-5550).
 Browning said that approval of the disclosure statement resulted after almost 21 months of negotiation and litigation. The Companies filed for Chapter 11 protection on Oct. 28, 1990.
 "We are delighted that our case has progressed to this point. We also look forward to the confirmation hearings scheduled to begin on Dec. 7, 1992, and to the 67-year old National Gypsum's subsequent emergence from Chapter 11 as a leading long-term supplier of quality Gold Bond brand gypsum wallboard and related building products," concluded Browning.
 -0- 9/4/92
 /CONTACT: Allan V. Cecil, V.P. -- Corporate Communications and Investor Relations, National Gypsum Company, 704-365-7227/ CO: National Gypsum Company; Aancor Holdings, Inc. ST: Texas, North Carolina IN: CST SU: BCY


JZ -- CH009 -- 7036 09/04/92 15:41 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 4, 1992
Words:265
Previous Article:NEW USAIR 'TRIPLE PLAY BONUS' OFFERS FREE TRIPS, UPGRADES AND CLUB MEMBERSHIPS
Next Article:GM ASSEMBLY PLANT SHUTDOWN UPDATE
Topics:


Related Articles
NATIONAL GYPSUM COMPANY AND AANCOR HOLDINGS, INC. FILE JOINT PLAN OF REORGANIZATION
FINAL VOTING RESULTS ISSUED IN NATIONAL GYPSUM REORGANIZATION PLAN ELECTION
USG SETS RECORD DATE OF JAN. 20 FOR SOLICITATION
USG CORP. REACHES AGREEMENT WITH ALL CREDITOR GROUPS ON TERMS OF DEBT RESTRUCTURING, RECEIVES 100 PERCENT APPROVAL FROM BANK GROUP
COURT ANNOUNCES INTENT TO CONFIRM NATIONAL GYPSUM'S PLAN OF REORGANIZATION
NATIONAL GYPSUM'S PLAN OF REORGANIZATION CONFIRMED BY BANKRUPTCY COURT
NATIONAL GYPSUM COMPANY EXITS CHAPTER 11
NATIONAL GYPSUM ANNOUNCES 1993 SECOND QUARTER RESULTS
NATIONAL GYPSUM ANNOUNCES 1993 THIRD QUARTER RESULTS
NATIONAL GYPSUM ANNOUNCES 1994 FIRST QUARTER RESULTS AND ELECTION OF DIRECTORS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters