Oct 23 (Reuters) - Nortek Inc:
* Receives court approval for first-day motions and to pay trade creditors in
full in the normal course
* Says it and its subsidiary companies had cash on hand of approximately $125
million, as of the date of the filings
* Says debtors expect to emerge from bankruptcy by year-end
* Says plan confirmation hearing scheduled for December 4, 2009
* Says exit financing in place and motion to use cash collateral approved
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Receives court approval for first-day motions and to pay trade creditors in
full in the normal course
* Says it and its subsidiary companies had cash on hand of approximately $125
million, as of the date of the filings
* Says debtors expect to emerge from bankruptcy by year-end
* Says plan confirmation hearing scheduled for December 4, 2009
* Says exit financing in place and motion to use cash collateral approved
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.