Daily News: August 2, 2012

RG Steel Postpones Auction of Baltimore, Ohio Plants


RG Steel said in documents in the U.S. Bankruptcy Court in the district of Delaware that it has postponed the auction of its plants in Baltimore and Warren, OH, by a week, to August 7, a Reuters article reported.

According to reports, the auction was postponed so that the company could have additional time to find a stalking-horse bidder for the plants. The Baltimore Sun previously reported that three potential bidders were interested in the plants.

A third plant in Wheeling, WV was auctioned as planned on Tuesday, July 31.

To read the Reuters article, click here.

Previously on abfjournal.com:

Court Approves RG Steel Asset Auction, DIP Loan Led By WFCF, Friday, June 22, 2012