Hearing to approve Alpha's stalking-horse sale p

Hearing to approve Alpha's stalking-horse sale plan postponed again
Houston (Platts)--3 Mar 2016 536 pm EST/2236 GMT

The already rescheduled US bankruptcy court hearing to approve Alpha Natural Resources' plan to sell its core assets to a stalking-horse bidder has been postponed again.
http://www.platts.com/latest-news/coal/housto...e-21038610
The coal miner on Thursday confirmed the court had canceled the hearing, which had been scheduled for that day, but declined to comment.
The US Bankruptcy Court for the Eastern District of Virginia was first scheduled to hear arguments February 23 on Alpha's $500 million proposal to sell a combination of its top coal mines to a group made up of its senior lenders. The hearing was subsequently postponed to Thursday.
No new date for the hearing has been announced.
There were 16 objections to Alpha's stalking-horse plan, including motions by the West Virginia Department of Environmental Protection, the United Mine Workers of America Health and Retirement Funds, and multiple land and lending entities.
In Alpha's proposed plan, the company stated that the stalking-horse bid is not final and is open to competitive bidding, with a March 28 deadline set.