Adelphia’s Long Stay In Ch. 11 Draws To A Close
The company began paying off claims on Feb. 13, a process that includes the distribution of shares of common stock in Time Warner Cable, a company formed after Time Warner purchased the bulk of Adelphia’s assets.
Adelphia’s reorganization plan earmarks 15.96% of TWC’s shares for its creditors.
The cable provider’s fifth amended reorganization plan received court approval on Feb. 12, after U.S. District Court...
To view the full article, register now.