er that the sale is stayed pending further order, indicating that the delay may only be temporary. Ginsburg could decide on her own whether to end the delay, or she could ask the full court to decide.A federal appeals court in New York approved the sale Friday MBT shoes uk, but gave opponents until 4 pm Monday to try to get the high court to intervene mbt shoes clearance australia. Ginsburg issued her order minutes before the deadline.Despite the aggressive objections of a trio of Indiana state pension and construction funds that own a small part of Chrysler's secured debt, the automaker has moved swiftly through the Chapter 11 process.The Auburn Hills, Mich., company received bankruptcy court approval for the sale just a month after filing for bankruptcy protection and had been expected to emerge from court oversight when the sale closed.Chrysler's ability to speed through the process has partially been a result of the involvement of the Obama administration's auto task force, which provided $4.5 billion in bankruptcy financing and helped negotiate a deal between the company's stakeholders.Under a deal brokered in the days leading up to Chrysler's April 30 Chapter 11 filing, Fiat will receive up to a 35 percent stake in the new company created by the sale, in exchange for sharing the technology Chrysler needs to create smaller, more fuel-efficient vehicles.The United Auto Workers union will get a 55 percent stake that will be used to fund its retiree health care obligations, while the US and Canadian governments will receive a combined 10 percent stake.Meanwhile, the automaker's secured debtholders would get $2 billion in cash, or about 29 cents on the dollar, for their combined $6.9 billion in debt mbt shoes clearance. Some of the debtholders balked at the deal, saying as secured lenders they deserved more.A group of investment firms that held about 4 percent of Chrysler's secured debt filed an objection to the sale shortly after the automaker's Chapter 11 filing, but the group later dissolved, saying it didn't have enough members to mount an effective challenge.Later on, Related articles:

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