Eight potential buyers are eyeing Montreal, Maine & Atlantic Railway for a potential purchase, which could occur by the end of 2013, according to Quebec court filings.
A lead bidder will be chosen November 15, 2013 that would set a starting price for other bidders, who would become part of an auction of qualified bidders on December 13, 2013.
Montreal, Maine & Atlantic Railway owns the train that derailed and exploded in Lac-Megantic, Quebec on July 6, 2013, leaving 47 people dead.
The proposed sale schedule must be approved by the Quebec and U.S. bankruptcy courts. October 31, 2013 is the deadline for expressions of interest from potential bidders.