The sale to RWD (and AMN earlier) was obviously considered the best deal for creditors. Presumably they looked at the potential return from liquidation. Presumably winding up the companies, busting up the plant and rehabilitating the site is unlikely to yield $20M for creditors.
They have the $25M tax credits.
Do they wait for further bids? Were any other parties waiting on the RWD negotiations?
It will be interesting watching how this plays out.
The big question is what RWD does now.
RWD Price at posting:
5.0¢ Sentiment: Hold Disclosure: Not Held
