LONDON-ICO Global Communications announced the U.S. Bankruptcy Court of Delaware has approved ICO’s plan of reorganization.
The plan and related plans of arrangement in Bermuda and the Cayman Islands have been approved by more than 95 percent of the creditors and shareholders who voted on the plans, the company said. ICO is seeking full approval of the plans of arrangement in Bermuda and the Cayman Islands today.
ICO said it expects to emerge from Chapter 11 bankruptcy protection in the next few weeks.
