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Pa. Oil Refinery Says Redoing Ch. 11 Sale Would Be 'Terrible'

By Vince Sullivan (June 24, 2020, 6:36 PM EDT) -- The owner of an idled Philadelphia oil refinery told a Delaware bankruptcy judge on Wednesday that objections to a proposed $27.5 million reduction to the $252 million court-approved sale price would force the owner to restart the sale process — a "terrible decision" that would likely lead to expensive litigation over a $30 million deposit and other costs to the estate....

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