GMX Senior Lenders Offer $338M In Stalking Horse Bid

By Brian Mahoney (May 17, 2013, 2:08 PM EDT) -- Bankrupt oil and gas producer GMX Resources Inc. on Thursday unveiled a new $338 million stalking horse bid for substantially all of its assets to a group of senior lenders, telling an Oklahoma bankruptcy court that it has not been able to raise enough capital elsewhere to continue operating....

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