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Metaldyne DIP Deal OK'd; Asset Sale Faces Objections

By Brendan Pierson (June 23, 2009, 12:00 AM EDT) -- A bankruptcy judge has approved an $18.5 million debtor-in-possession financing deal for auto parts maker Metaldyne Corp. over objections from creditors, while several creditors have filed new objections to Metaldyne's proposed bidding procedures for selling its power train business....

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