PBGC is still objecting to sale of Ormet

Jun 06, 2013 | 06:36 PM | Michael Cowden

Tags  Ormet, Pension Benefit Guaranty Corp., PBGC, bankruptcy, sale, objection, pension, Smelter Acquisition Wayzata Investment Partners

CHICAGO — The Pension Benefit Guaranty Corp. (PBGC), which has objected to the sale of bankrupt aluminum producer Ormet Corp., isn’t backing down even though a Delaware bankruptcy court judge has approved the deal.

"We are considering our options," a spokesman for the agency told AMM June 6, declining to specify what those options might be.....

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