Intermet equity financing plan rejected by bankruptcy court

Jul 18, 2005 | 07:58 AM |

A bankruptcy court has denied Intermet Corp.'s motion to enter an equity financing commitment, although it still has the right to resubmit the request.

The Troy, Mich.,-based automotive castings supplier had said last month that it had signed a commitment for a $75-million equity investment underwritten by R2 Investments LDC and Stanfield Capital Partners LLC, subject to....

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