Cronimet’s Keywell bid trumped by KW Metals
Dec 11, 2013 | 03:47 PM
| Rey Mashayekhi
NEW YORK Cronimet Corp.s bid to acquire bankrupt scrap processor Keywell LLC has reportedly been foiled by KW Metals Acquisition LLC, a newly formed entity backed by private equity firm Prophet Equity LP, AMM has learned.
Sources with knowledge of the bankruptcy court proceedings said a purchase agreement and sale order detailing KW Metals bid for Keywell, pending the bids approval, will be released after the sale hearing is expected to conclude Dec. 12.....
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