Ormet wins court OK to sell alumina refinery to Almatis
Nov 12, 2013 | 05:20 PM
| Michael Cowden
CHICAGO Bankrupt Ormet Corp. has received permission to sell its alumina refinery in Burnside, La., to Almatis Inc.
The sale is in the best interest of the Hannibal, Ohio-based aluminum producer and creditors, and represents the "highest and best" offer received by Ormet after a previous sale fell apart, according to a Nov. 12 order signed by Judge Mary F. Walrath and filed in U.S. Bankruptcy Court in Delaware.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.