Stelco seeks another creditor hearing delay
Dec 01, 2005 | 09:54 AM
| Maria Guzzo
Stelco Inc., Hamilton, Ontario, has again requested an adjournment of a creditor meeting slated for Dec. 2 as it attempts to put the finishing touches on a revised restructuring plan, but it is upbeat it can emerge from protection under the Companies' Creditors Arrangement Act early next year.
"With input from stakeholders, Stelco is in the process of finalizing the details of a plan that will be submitted to affected creditors for their consideration," Courtney Pratt, Stelco's president and chief executive officer, said. "While progress is being made, the process is taking longer to conclude than was envisioned a week ago."....
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