Sparrows Point talks slog on as deadline lapses
Dec 12, 2007 | 02:09 PM
| Maria Guzzo
Although a self-imposed deadline has passed for ArcelorMittal SA to sell its Sparrows Point, Md., facility to E2 Acquisition Corp., the purchase agreement has not been terminated and the parties continue to talk.
Bill Steers, ArcelorMittal general manager of communications, said the company is in communication with the U.S. Justice Department trustee and is determining its next step. "If the sale is not consummated with E2, the trustee will seek a new buyer for Sparrows Point and ArcelorMittal will fully cooperate with this process, during which the plant will continue to be operated by ArcelorMittal," he said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here