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Boart Longyear shareholders approve Centerbridge deal

Boart Longyear is asking investors to support a $400 million bailout package for the troubled mining services company after calling a special shareholder meeting.

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A “shadow of uncertainty" that has been hanging over troubled mining services company Boart Longyear has been lifted after shareholders approved a $US342 million bailout package with US distressed debt firm Centerbridge Partners.

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    Original URL: https://www.afr.com/companies/boart-longyear-shareholders-approve-centerbridge-deal-20141217-128u6e