RG Steel Gets Court Approval For $22M Asset Sale

Law360, Wilmington (August 8, 2012, 7:12 PM EDT) -- RG Steel LLC won Delaware federal court approval Wednesday for the separate sale of two Ohio assets, which will bring a total of $22 million, as the bankrupt steelmaker continues the liquidation of its remaining properties.

No mention was made at Wednesday's hearing about the fate of the company's two marquee assets — steel mills in Sparrows Point, Md., and Warren, Ohio — which had been scheduled to be auctioned Tuesday, and counsel for RG Steel declined to comment on the auction when asked afterward....
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