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AHMSA's Auction Adjournment & Trustee's Temporal Trepidation
The trustee overseeing AHMSA's auction has requested a 30-day extension to the established timeline, citing complex asset valuation requirements for Mexico's largest steel producer. The extension provides additional time for comprehensive due diligence processes & enables potential bidders to complete thorough evaluations. This approach demonstrates commitment to maximizing recovery value for creditors while ensuring transparent, competitive auction procedures.
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