Cloud Peak Energy Inc. filed a motion in the US Bankruptcy Court for the sale of its substantially all its assets on May 13, 2019. Debtor seeks to sell its assets to highest bidder in the auction. To qualify as a qualified bidder, interested parties should submit their bids by June 21, 2019, along with good-faith deposit in the amount of $0.50 million or 10% of the cash portion of the Purchase Price (i.e., the aggregate value of the cash and non-cash consideration). The initial minimum overbid should be no less than the value of the Baseline Bid(s)’s Purchase Price of the Assets, plus $250,000 plus the amount of the Bid Protections, if any. The debtor has scheduled an auction on June 26, 2019. At the auction, the subsequent bids would be in increments of $0.25 million. The stalking horse bidder would be entitled to a break-up fee and/or expense reimbursement, in an aggregate amount not to exceed 3% of the proposed purchase price of the sale. The sale hearing is scheduled for June 28, 2019.