Posted in | News | Ferrous Alloys and Metals | Business | Iron and Steel

Slater Steel Signs Letter of Intent to Sell Hamilton Steel Bar Unit

Mar 9 2004

Following the receipt of an offer from Delaware Street Capital to purchase substantially all of the assets of Slater Steel's Hamilton Steel Bar Unit on March 3rd, the two parties have now signed a letter of intent.

The purchase is still subject to approval by bankruptcy courts. However Slater Steel remains hopeful that the deal will be completed by March 31.

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