Brazilian freight and logistics company VarigLog, a former subsidiary of its namesake airline, boosted its bid for the bankrupt carrier after a Rio de Janeiro bankruptcy court judge reversed his decision last week to present the approximately $500 million bid to creditors, who may be better off if Varig is liquidated, Bloomberg News reported. The judge will ask creditors to review the higher offer at a July 17 meeting. If it is approved, VarigLog could win the carrier's operating assets at ...

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