IDB Likely to Get More Time for Bailout Proposals

Proceedings delayed to enable potential new investors to get more information on IDB Holding subsidiary companies and allow Nochi Dankner time to put his own restructuring proposal into place

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The fate of Nochi Dankner’s IDB Holding Corporation is likely to be put on hold for three weeks to give potential buyers of the beleaguered conglomerate time to make offers.