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Reuters reported that Molycorp (OTCMKTS:MCPIQ) is making changes to its bidding rules in order to start soliciting votes for its reorganization plan.
Reuters reported that Molycorp (OTCMKTS:MCPIQ) is making changes to its bidding rules in order to start soliciting votes for its reorganization plan.
As quoted in the publication:
The company in papers filed on Wednesday said it needs to put its plan to a vote now with the maturity in March of its debtor-in-possession financing looming amid a possible need for cash.
To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/1S84bXa
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