After months of legal back-and-forth, the U.S. Bankruptcy Court in Jackson, Miss., on Feb. 20 approved a sales procedure for Mississippi Phosphates Corp. assets.
Bids are due in from interested parties by 5:00 p.m. (CST) March 17. Qualified bidders will be notified of the highest or best qualified bid by midday March 19. If there is more than one qualified bidder, then the assets, Miss Phos can proceed to an auction March 24. A hearing to approve a final sale is slated for April 17.
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