Keywell finds investor to buy part of company
Aug 14, 2013 | 05:45 PM
| Daniel Fitzgerald
NEW YORK Keywell LLC has signed a memorandum of understanding with an unidentified investor to sell a "substantial portion" of the stainless and specialty steel scrap processing company.
The transaction, scheduled to close in the next two to three weeks, "is in line with the companys goal to maximize value for all of our stakeholders with the continuing objective to pay creditors in full," Keywell president and chief executive officer Mark Lozier said in an Aug. 13 letter to suppliers.....
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