The Daily Docket: Nextel Mexico Sale on Track for March Approval

02/19/15
People get assistance from employees at a Nextel Mexico store and customer service center in Mexico City on Jan. 27.
Bloomberg News

The proposed sale of Nextel Mexico to AT&T Inc. for nearly $1.9 billion cleared a key milestone this week, though competing bidders still have a month to up the ante on the deal. Read the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

Atlantic City, N.J.’s budget is shrinking 11% from last year, Reuters reports.

Auto supplier Delphi Automotive will sell its automotive heating and cooling business to Germany’s Mahle GmbH for $727 million, The Wall Street Journal reports.

A123 Systems Inc. accused Apple Inc. in a lawsuit of using a passive-aggressive scheme to poach employees, Bloomberg reports.

According to WSJ, Latvia passed new laws that will aid people in being free of household debt.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa

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