MORRISON KNUDSEN GETS OK FOR PLAN TO END BANKRUPTCY.(Business) From: Seattle Post-Intelligencer (Seattle, WA) | Date: August 27, 1996 | COPYRIGHT 1996 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. 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.Copyright information

Morrison Knudsen Corp. won court approval of its bankruptcy plan yesterday, giving the company a green light to swap its burdensome debt for equity and merge with rival Washington Construction Group.

Morrison Knudsen, the 84-year-old construction company that built Hoover Dam and other projects, filed for bankruptcy in June, proposing to swap $360 million of debt for new equity and other assets in order to appease debt holders.

Washington Construction has agre...