RG suitors include foreign, financial parties
Jun 01, 2012 | 04:14 PM
| Chris Prentice
NEW YORK A number of domestic and foreign buyers have expressed interest in parts or all of RG Steel LLCs assets, chief operating officer Mark Whalen and the companys investment bank advisor told AMM Friday.
"We started this sale process within the last several days," Whalen told AMM. "There are a lot of people looking at the assets."
Sparrows Point, Md.-based RG Steel expects to sell its assets either whole or piecemeal during a court-supervised auction process, according to Jim Tumulty, senior managing director at Seaport Group LLC, the investment bank overseeing the sale.....
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