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Article: Essential Therapeutics Files for Reorganization Under Bankruptcy Code.
- Article from:
- PR Newswire
- Article date:
- May 2, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Essential Therapeutics, Inc. (BULLETIN BOARD: ETRX) announced today that it, along with its wholly-owned subsidiaries, Maret Corporation and The Althexis Company, Inc., filed for protection under Chapter 11 of the U.S. Bankruptcy Code. The filing was made in Wilmington, Delaware. Later today, the Company intends to file a Plan of Reorganization providing for payment in full of obligations owed to certain creditors and providing for the recapitalization of the Company as a privately-held entity.
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