AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Auction set for BethSteel.
Byline: Greg Johnson
If anyone wants a crack at Bethlehem Steel Corp., they need to get their bids in by April 14.
Two days later, an auction sale for the bankrupt steelmaker will be held, although the location has yet to be determined.
The U.S. Bankruptcy Court for the District of New York in Manhattan has set a sale hearing for April 22.
But any bidder must top a $1.5 billion offer from Wilbur L. Ross' International Steel Group Inc. by at least $42 million, according to a source close to the situation.
The auction spread will be $47 million. If ISG's offer is trumped, the winning bidder is responsible for paying a $15 breakup …
-
- Weirton sale to ISG to proceed.
-
Newspaper article from: The Daily Deal
April 6, 2004
700+ words
-
- ISG might have eyes on Georgetown Steel.
-
News wire article from: The Post and Courier (Charleston, SC)
January 16, 2004
700+ words
-
- ISG, union blast BethSteel chief.
-
Newspaper article from: The Daily Deal
February 14, 2003
700+ words
-
- AK Steel in ISG alliance.
-
Newspaper article from: The Daily Deal
August 27, 2002
700+ words
-
- Court approves ISG's buy of BethSteel.
-
Newspaper article from: The Daily Deal
April 23, 2003
700+ words
