Varig and the group of employees and unidentified investors who bid for the carrier, NV Participacoes, were granted another extension by Rio de Janeiro bankruptcy court Judge Luiz Roberto Ayoub, who had given the group until Wednesday to make a case for its BRL1.01 billion ($439 million) bid (ATWOnline, June 13). The court now will reconsider the bid next week, giving it time to examine documents NVP delivered just half an hour before the Wednesday deadline and the opportunity to consider ...

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