LNC
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0.00% 99.5¢ linc energy ltd

Asset sales

  1. szaba_the_hut
    6,615 Posts.
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    08/08/16
    13:19
    Post #: 18467989
    From Bloomberg - auction coming up next week and sale concluded end of the month

    QUOTE
    Linc USA GP Key Developments

    Bidding Procedure Approved for Linc USA GP
    Jul 12 16
    The US Bankruptcy Court approved the bidding procedures relating to the sale of certain assets of Linc USA GP on July 12, 2016. As per the order, bid deadline has been fixed for August 17, 2016. Auction will be held on August 23, 2016. Each qualified bid may submit successive bids in the increment of at least $0.25 million. The bidder should submit a good-faith deposit of 10% of the purchase price. Sale hearing is scheduled for August 31, 2016. Sale objection can be filed by August 26, 2016.

    ENDQUOTE
    LNC Price at posting: 99.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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