Pacific Steel Casting selects buyer

May 23, 2014 | 01:01 PM | Frank Haflich

Tags  Pacific Steel Casting, steel foundry, steel casting, Siena Lending Group, Wells Fargo, Frank Haflich

LOS ANGELES — Pacific Steel Casting Co. has chosen a buyer for the company but won’t identify it yet, a spokeswoman said this past week.

Pacific Steel will name a potential buyer within a month, according to a document filed May 21 in U.S. Bankruptcy Court in Oakland, Calif.

The Berkeley, Calif.-based foundry expects to "enter into a purchase offer" and file a motion for a bid to proceed "not later than" June 16, the company said in the court filing. Acquisitions out of bankruptcy status normally must be approved by the court.....

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