Bankruptcy Court Approves Almatis Ch. 11 Plan
Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York signed an order confirming the company's first amended plan of reorganization Monday, a month after approving the company's disclosure statement and a settlement with would-be buyer Oaktree Capital Management LP.
Under the terms of the reorganization, Dubai International has agreed to provide the troubled aluminum producer...
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