Wireless network provider FiberTower Corp. today will ask a judge to approve a bankruptcy-exit plan that would hand ownership of the San Francisco company to its bondholders, Dow Jones Daily Bankruptcy Review reported today. Court papers show that the bondholders, who are owed about $132 million, voted unanimously in favor of the restructuring plan that would give them a 100 percent stake in the reorganized business and wipe out the shares that once traded on Nasdaq.
