Milacron Creditors Step Up Challenge Of $175M Sale

Law360, New York (July 10, 2009, 12:00 AM EDT) -- A cadre of Milacron Inc. retirees has teamed up with a creditors committee in a renewed objection to the $175 million sale of the chemical processing company to a group of investors, claiming the 363 sale fails to adequately accommodate unsecured creditors.

A group of retired Milacron executives and the official committee of unsecured creditors reiterated their opposition to the sale Wednesday, urging Judge Vincent Aug of the U.S. Bankruptcy Court for the Southern District of Ohio to reconsider his approval of Milacron’s sale to the...
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