Daily News: August 8, 2014

Revel Postpones Bankruptcy Auction

Bloomberg reported Revel AC postponed its auction set for Aug. 7 to Aug. 14 so it can analyze multiple purchase offers it received.

According to Bloomberg , Revel received a number of bids by the Aug. 4 deadline yet the company still requires “additional time to fully analyze and evaluate the bids,” according to court documents filed in U.S. Bankruptcy Court in Camden, New Jersey.

To read the entire Bloomberg story, click here.

Previously on abfjournal: Revel, Wells Reach Deal with Creditors, July 14, 2014