Bankruptcy Judge Elizabeth Stong Metro Fuel Oil Corp. received bankruptcy court approval to sell its assets to United Refining Energy Corp. for $27 million, Dow Jones DBR Small Cap reported today. The approval will allow the sale to close within two weeks, prior to the maturity of its bankruptcy financing on March 11. The deal with United Refining includes the cash payment and a commitment to hire at least 75 percent of Metro Fuel's workers. (Subscription required.)
