Hartshorne: No stalking horse or bids for assets; auction cancelled

By Caroline Salls

Pittsburgh, June 16 – Hartshorne Holdings, LLC did not enter a stalking horse bid agreement or receive any qualified bids for its assets, according to a notice filed Monday with the U.S. Bankruptcy Court for the Western District of Kentucky.

As a result, the company said it has cancelled the auction scheduled for June 17.

Hartshorne said it is still evaluating how to proceed with the sale process, including a potential sale agreement with its Tribeca secured parties.

The company said it would file the details on any proposed sale transaction to be considered at a July 1 hearing by no later than June 24.

Rumsey, Ky.-based Hartshorne develops and operates coal mining projects in the United States. The company filed bankruptcy on Feb. 20 under Chapter 11 case number 20-40133.

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