A joint venture of energy producer Mach Resources and private equity firm Bayou City Energy won a bankruptcy auction to buy Alta Mesa Resources Inc.'s assets.

Celadon Group Inc., a bankrupt trucking company, has landed an auction starting bid of $14.5 million from White Willow Holdings LLC for its regional shipping carrier unit, Taylor Express Inc.

Blackstone Group Inc. decided against buying debt in PG&E Corp., the California utility forced into bankruptcy by wildfire claims, because of the risk that political decisions would lead to an unfavorable outcome.

Laguna Dairy SA, the former owner of Borden Dairy Co., filed an objection to Borden’s use of a reserve account in bankruptcy, alleging that it still has an ownership interest over some of the funds.

Frontier Communications Corp., the provider of telecom services in 29 states, is asking creditors to help craft a turnaround deal that includes filing for bankruptcy by the middle of March, according to people with knowledge of the matter.

Community Health Systems Inc.’s financial projections for 2020 are optimistic. Analysts’ take on them? Less so.

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