CST Closes In On Sale Resolution With Buyer And Creditors

Law360, Wilmington (November 14, 2017, 9:40 PM EST) -- Bankrupt steel storage tank maker CST Industries Holdings Inc. told a Delaware judge Tuesday that after a daylong hearing on its proposed sale to a stalking horse bidder, it was close to a deal that would resolve the objections of unsecured creditors and pave the way for a consensual transaction.

During a hearing that began Tuesday morning but stretched into the early evening, attorneys representing the debtor said that ongoing discussions had resulted in an outline for a deal that would allow the sale to go...
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