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Exide Cleared to Poll Creditors on Chapter 11 Exit Plan

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Exide Technologies Inc. won court approval yesterday to start the process of polling creditors on the Chapter 11 plan the battery maker hopes will see it out of bankruptcy by the end of March, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Kevin Carey said that he would sign off on voting materials at a hearing in the U.S. Bankruptcy Court in Wilmington, Del. Exide has backing for its reorganization from holders of about 35 of its senior bonds.