Summary
Creditors object to sale of Weirton Steel
MORGANTOWN - Last-minute objections to the sale of Weirton Steel Corp. poured into U.S. Bankruptcy Court, most from creditors who would gain little or nothing from a deal with International Steel Group.See the full content of this document
Extract
State Briefs
Weirton, however, was still planning a Monday auction of its assets. ISG and a group of creditors are set to square off at the closed-door proceeding in Pittsburgh.
Most objectors argue a fast-track sale is no longer necessary because of a recent upswing in the industry and an easing of a raw materials shortage. They argue Weirton is now more v...See the full content of this document
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