InvestorsHub Logo
Followers 647
Posts 10783
Boards Moderated 3
Alias Born 03/07/2015

Re: None

Tuesday, 11/03/2015 9:45:24 AM

Tuesday, November 03, 2015 9:45:24 AM

Post# of 1473
Update (not good/not bad) and hearing thursday: Creditors Raise Concerns with Alpha Mine Sales -- Market Talk
DOW JONES & COMPANY, INC. 9:42 AM ET 11/3/2015
9:42 ET - Creditors are lining up to express concern with Alpha Natural's bid to sell more than a dozen idled mines in several states as part of its Chapter 11 case. The miners' union, as a key constituent, wants a role in the process and union-related health and pension funds want to be sure any sales don't erase Alpha's obligations to them. Meanwhile, bond insurers want to keep an eye on the debt Alpha posted as a condition of its mining permits and those who lease land and equipment to Alpha want to make sure any sales don't threaten their rights. A bankruptcy judge will review the sale request and creditor concerns at a hearing Thursday.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.