Yukos Wins U.S. Judge's Approval for $1.4 Billion Sale

Law360, New York (May 25, 2006, 12:00 AM EDT) -- Russian oil company OAO Yukos got approval from a U.S. bankruptcy judge to sell $1.4 billion worth of stock in a Lithuanian refinery, after the judge terminated a temporary restraining order that blocked the sale.

The risk of not going through with the sale far outweighed any concerns raised by critics of the transaction, a spokeswoman for Yukos said Thursday. If the deal fell through, Lithuania might have nationalized the refinery, according to court papers. She went on to say that Yukos was happy with the...
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