Peabody posts auction for stake in Dominion Terminal assets

摘要

As Peabody Energy Corp. prepares for an expected emergence from bankruptcy protection, the company has posted its intention to sell its stake in Dominion Terminal Associates, a coal export facility in Virginia. According to a notice of sale published in The Wall Street Journal and USA Today, the auction is a part of the company’s restructuring effort. The “debtors” will accept qualified bids with an auction planned for March 6. A sale hearing is scheduled to follow on March 9. All objections to the sale, the assumption and assignment of the assumed and assigned contracts and any other relief requested must be submitted in writing, signed by the relevant counsel and submitted before 4 p.m. on March 2.