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Dex One, SuperMedia file plans of reorganization as part of merger process

Dex One (DEXO) and SuperMedia (SPMD) announced that each company has received the requisite shareholder approval for their proposed merger and they both have voluntarily filed for Chapter 11 in the United States Bankruptcy Court for the District of Delaware, to implement "pre-packaged" Plans of Reorganization. Dex One and SuperMedia intend to use this strategic process to facilitate the completion of their merger announced on Aug. 21, 2012. The operations of both companies are expected to continue without interruption during the restructuring process. Subject to Court approval of the plans, the companies believe the merger will be completed within 45-60 days. These plans intend to preserve the interests of all investors without any impairment to existing Dex One or SuperMedia equity holders and Dex One note holders. Both companies intend to work with their respective exchanges to remain listed during the restructuring. The merger is expected to close in the first half of FY13.