Thursday You’ll Know Yesterday in Delaware bankruptcy court, the judge decided to hold over a decision on the sale of PGW until Thursday. He gave NBN until the close of business tomorrow to return with formal purchase agreement documents. If they satisfy the judge’s conditions, he will convene an auction on Thursday between the two bidders; if not, he will approve the sale to Perseus. NBN head Jed Lyons says “we’re going to deliver to the court tomorrow by 5 pm a final offer,” indicating that “the only thing missing yesterday was the legal documentation of all aspects of the […]
