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Boart wins court battle

CREDITORS’ meetings that could decide the future of embattled drilling services and equipment supplier Boart Longyear will go ahead tomorrow as planned after the New South Wales Court of Appeal dismissed an 11th hour bid to derail the proceedings.

Noel Dyson
Boart Longyear's future could be decided tomorrow.

Boart Longyear's future could be decided tomorrow.

The creditors’ meetings tomorrow are to decide on a debt-equity swap recapitalisation plan that will, if approved, slash US$196 million of unsecured debt, plus almost $10 million of accrued or accreted...

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