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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