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"Murray Energy Targets March Auction as Miner Seeks Suitors

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StockRoomBully   Saturday, 12/07/19 09:57:04 PM
Re: bigstocksnbonds post# 2366
Post # of 3224 

"Murray Energy Targets March Auction as Miner Seeks Suitors
BY JEREMY HILL

Dec. 4, 2019, 10:48 AM
Bankrupt Murray Energy Holdings Co. is targeting a March 2020 auction of its assets as its investment banker, Evercore Inc., is negotiating non-disclosure agreements with potential buyers, court papers show."



Quote:
Murray, the largest privately held coal miner in the U.S., proposes a preliminary bid deadline of Jan. 21 and court approval of its bankruptcy plan by May 6: filing
Co. is also asking a judge to allow a group of its secured lenders to bid their debt to buy Murray’s assets, setting a price floor for the auction
Term sheet included in court papers doesn’t specify a price for...



This may run before 1st January 2020. But gonna be a winner in 2020. Imo

Quote:
Thanks! Yes upside potential IS awesome agreed! Trying to decide how long to hold $FELPU!! Decisions lol!



https://news.bloomberglaw.com/bankruptcy-law/murray-energy-targets-march-auction-as-miner-seeks-suitors


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