Light At The End Of The Tunnel For Kaiser Aluminum

Law360, New York (February 7, 2006, 12:00 AM EST) -- Kaiser Aluminum Corp., driven into bankruptcy protection four years ago after recording debts of $3.1 billion, has been given the green light to reemerge.

A Delaware bankruptcy court judge approved the company’s reorganization plan, which calls for the company to swap debt for equity and cancel its stock.

“We are very pleased by the ruling and it means that the finish line is within sight,” said Kaiser Aluminum CEO Jack Hockema. “We are hopeful that we can proceed quickly through the steps necessary for us to...
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