(Reuters) - Tower expects to seek approval of its reorganization plan
and the sale to Cerberus in a deal valued at about $1 billion
from the U.S. Bankruptcy Court for the Southern District of New
York on July 11.
The Novi, Michigan-based producer of automotive body
structures and assemblies filed for bankruptcy in February
2005. Management aims to complete the sale to Cerberus
affiliate TA Acquisition Co. LLC and exit bankruptcy by the end
of July.
Read more at Reuters.com Bonds News
and the sale to Cerberus in a deal valued at about $1 billion
from the U.S. Bankruptcy Court for the Southern District of New
York on July 11.
The Novi, Michigan-based producer of automotive body
structures and assemblies filed for bankruptcy in February
2005. Management aims to complete the sale to Cerberus
affiliate TA Acquisition Co. LLC and exit bankruptcy by the end
of July.
Read more at Reuters.com Bonds News
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