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Standard Register Sale Expected to Close on Friday

Submitted by jhartgen@abi.org on

Bankruptcy court documents said that the sale of Standard Register Co.’s assets to Taylor Corp. is expected to close on or before Friday, the Dayton (Ohio) Daily News reported today. Standard Register, a Dayton-based printing and marketing company, yesterday filed a motion in the U.S. Bankruptcy Court for the District of Delaware to change its corporate and business names, as required under the asset purchase agreement between Standard Register and Taylor Corp. Standard Register would become SRC Liquidation Co., court documents said. A hearing on the motion is scheduled for Aug. 18. The court yesterday also approved Standard Register’s request to extend the period to file its chapter 11 bankruptcy plan by an additional 90 days. Standard Register’s 120-day period to propose and file a plan was set to expire July 10. The company’s period to solicit acceptance of that plan would expire Sept. 8.