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January 14, 2013
After a Texas bankruptcy judge refused Monday to approve Greek oil shipper Omega Navigation Enterprises Inc.'s proposed settlement with its current CEO and largest shareholder, Omega sought permission to sell off three investments companies and their subsidiaries. (Correction: A previously published version of this article incorrectly said the senior lender settlement was not approved, and misstated the number of ships the investment companies have a stake in. The errors have been corrected.)
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