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Bankruptcy judge approves $15.85 million sale of Montreal, Maine & Atlantic Railway

(Source: Bangor Daily News, January 23, 2014)

BANGOR, Maine -- On January 23, U.S. Bankruptcy Louis Kornreich formally approved the tentative sale of the Montreal, Maine and Atlantic Railway to Railroad Acquisition Holdings LLC, an affiliate of New York-based Fortress Investment Group, for $15.85 million. The deal is expected to close by mid-March.

Full story: Bangor Daily News

Friday, January 24, 2014

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