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Enterprising Investor

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Tuesday, 11/21/2017 3:18:49 PM

Tuesday, November 21, 2017 3:18:49 PM

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According to Dow Jones Newswires, Real Alloy will be sold.

Gary Lee of Morrison & Foerster LLP told Judge Kevin Carey on Monday the company will pick a stalking-horse or lead bidder 75 days after the date it filed for bankruptcy, hold an auction 130 days after the filing date, and seek the court's approval of the auction result five days after that. The company will file a motion by Nov. 27 to approve the bid process.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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