Spectrum Brands Disclosure Statement Approved

Law360, New York (April 16, 2009, 12:00 AM EDT) -- A judge has approved the disclosure statement and will allow voting to begin on the reorganization plan in the multibillion-dollar bankruptcy of Spectrum Brands Inc., maker of Rayovac batteries and Remington razors, a ruling the company said helps clear the way for it to emerge from Chapter 11 protection by the end of the summer.

The company said Wednesday that a judge in the U.S. Bankruptcy Court for the Western District of Texas signed off on the disclosure statement, which Spectrum Brands submitted alongside a prenegotiated...
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