Stelco creditors' vote on plan delayed again
Nov 21, 2005 | 10:57 AM
| Maria Guzzo
Stelco Inc., Hamilton, Ontario, has a few thorns to deal with before it finds itself walking the path toward restructuring.
The creditors' vote on the company's restructuring plan was delayed again Monday, with debtors now set to head back to court Wednesday for a vote.Courtney Pratt, Stelco's president and chief executive officer, said the number of stakeholder groups and issues has prevented the company from reaching an agreement. "We had hoped to achieve greater progress towards a consensual plan during the around-the-clock negotiations that have occurred in recent days," he said. "It's time to place a plan before....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.