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Bankruptcy & Restructuring

Reorganizations of companies; their operations and personnel; and their debts.

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20% of India's Steel Capacity Is Up for Grabs

17 May 2018 - Acquisitive steelmakers are offering to pay the equivalent of US$14 billion for one-fifth of India’s steelmaking capacity, reports the online publication Quartz.

Algoma, United Steelworkers Come to Terms on Tentative Labor Agreement

16 May 2018 - Canadian steelmaker Algoma has reached a tentative labor agreement with unionized workers, possibly clearing one of the last hurdles before its exit from creditor protection, reports The Salut Star newspaper in Ontario.  

Electrosteel Acquisition Wins Tribunal Approval

17 Apr 2018 - Indian officials have approved ore miner Vedanta Resources' offer to acquire Electrosteel Steels Ltd., becoming the first of 12 companies forced into insolvency by India’s central bank to reach this stage. 

Union Remains Hopeful for Deal to Save Hamilton Specialty Bar

29 Mar 2018 - Even as Canadian SBQ manufacturer Hamilton Specialty Bar (2007) Inc. faces liquidation, talks are continuing with a potential buyer who intends to continue operating the business, and the United Steelworkers union remains optimistic that a deal can be struck, reports Canadian news radio station AM900 CHML. 

Deadline to Save Canadian Bar Maker Passes Without an Offer

27 Mar 2018 - Canadian SBQ maker Hamilton Specialty Bar (2007) Inc. is to be liquidated after a would-be buyer failed to finalize an offer for the business. 

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