Timminco granted extension in bankruptcy proceedings
May 01, 2012 | 12:39 PM
| Suzy Waite
Tags
Timminco,
Globe Specialty Metals,
FerroAtlantica,
Dow Corning,
bankrupcy,
CCAA,
silicon,
Suzy Waite
NEW YORK — Timminco Ltd. and subsidiary Bécancour Silicon Inc. have been granted an extension in bankruptcy proceedings to June 20 from April 30 by the Ontario Superior Court
The seven-week extension under the Companies’ Creditors Arrangement Act (CCAA) will allow the Toronto-based silicon producer and the successful bidders for its assets, Globe Specialty Metals Inc. and Spanish producer Grupo FerroAtlántica SA, to work on closing conditions, including getting court approval of....
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