Court denies union request for an early ruling on Ormet

Nov 11, 2004 | 01:07 PM | David Brooks

The U.S. Bankruptcy Court for the Southern District of Ohio has turned down the United Steelworkers union's request to expedite a hearing on the union's motion to end Ormet Corp.'s exclusive rights to file a plan of reorganization.

The USW wants the exclusivity period ended so that other possible bidders--including Sun Capital Partners Inc., Boca Raton, Fla.; MIC Capital LLC, New York; and Brascan Corp., Toronto--can be allowed to put together alternatives to Ormet's plan. Ormet's plan would see another investment group, MatlinPatterson Asset Management LLC,....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results

AMM Events