Ormet, as it winds down its aluminum business in the US, is seeking federal bankruptcy court permission to sell another 24,000 mt, plus or minus 5%, of sandy calcined metallurgical-grade alumina to Swiss commodities trader Trafigura AG for ...
Tags: Ormet, Calcined Alumina, aluminum
Wanxiang America, an affiliate of Chinese automotive parts maker Wanxiang Group, has purchased a Delaware plant from American electric car maker Fisker Automotive for $18m. Following an agreement signed last week, Fisker's plant has been ...
Wanxiang America, an affiliate of Chinese automotive parts maker Wanxiang Group, has received an approval from the US bankruptcy court to acquire the assets of American electric car maker Fisker Automotive for $149.2m. The company has won ...
Amcor is in the process of acquiring some of the assets of PET pioneer company, Constar International Holdings LLC. Constar goes back to the 1960s and developed the two litre PET soda bottle in the 1980s. Constar has been working its way ...
Tags: Amcor, acquisition, Constar
Patriot Coal Corporation announced Thursday its emergence from Chapter 11 as a reorganized company. The Company exits the 18-month restructuring process with a strong balance sheet, competitive cost structure, and streamlined operating ...
Tags: Patriot Coal, Mineral
US fashion retailer Loehmann's Holdings has filed for Chapter 11 bankruptcy protection for a third time and said it plans to sell substantially all of its assets. The discount clothing chain filed its bankruptcy petition with the US ...
Tags: Loehmann's, bankruptcy, apparel
US-based Flowers Foods has received regulatory approval to complete the acquisition of certain bread brands and assets of Old HB, formerly known as Hostess Brands. The deal, which is expected to be completed in the coming weeks, includes ...
Tags: Flowers Foods, bread
US snack food manufacturer McKee Foods has been selected as the leading stalking horse bidder to acquire Hostess Brands' Drake's snack cake business for $27.5m. Hostess Brands stated that the deal will be presented to the US Bankruptcy ...
Tags: Mckee Foods, Drake's Snack Cake, Food
Micron Technology has announced that its takeover of Elpida Memory has moved a big step closer with official approval by the Tokyo District Court of Elpida's business reorganisation plan. This plan calls for Micron to sponsor Elpida's ...
Tags: Micron Technology, Elpida Memory, takeover
Hostess Brands, the bankrupt producer of bakery products in US, has selected affiliates of Apollo Global Management and Metropoulos as stalking horse bidders for majority of its snack cake business, including Twinkies brand. Apollo Global ...
Hostess Brands, the bankrupt producer of bakery products in US, has selected two stalking horse bidders, McKee Foods and United States Bakery, for its Drake's snack cake brand and Sweetheart, Eddy's, Standish Farms, and Grandma Emilie's ...
Wal-Mart Stores, Kroger, Alpha Baking and Grupo Bimbo are seeking to acquire the assets that are being divested by Hostess Brands, the bankrupt producer of bakery products. The auction has attracted about 24 bidders. While some bidders ...
Tags: Wal-Mart, Hostess Brands'Assets
Hostess Brands has won permission from the US Bankruptcy Court for the wind down of its business and the sale of its assets. A New York judge yesterday (21 November) approved the company's motion for the wind down after the firm was ...
Tags: bidders, assets, bakery union
Hostess Brands, the bankrupt producer of bakery products, is in talks with several bidders over the sale of its brands. About 110 bidders have contacted the company over the purchase of a part of the business, while 70 bidders are ready ...
Tags: Hostess Brands, bakery products, bankrupt, sale, bread
Hostess Brands,a producer of bakery products in the US,and the company's largest union have agreed to enter a confidential mediation to resolve their differences in order to avoid the liquidation of the company. While the company sought ...
Tags: bakery products, differences, BCTGM