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Chapter 11 court allows creditor vote on drug company’s sale to European rival

By Dominic Lawson

17 July 2019

Chapter 11 court allows creditor vote on drug company’s sale to European rival iStock.com/okskaz

A New York court has allowed creditors of a US cholesterol drug maker to vote on a planned sale to a European rival, after years of battles with government authorities led it to file a Chapter 11.