Steel maker forged fate with union deals

Article Abstract:

The Canadian steel company Stelco's decision to seek protection from its creditors under the Companies' Creditor Arrangement Act (CCAA) is discussed. Apart from cheap still imports, expensive Canadian dollar, the main reason for the company's restructuring is the previous chief executive officer, Jim Alfano's decision in August 2000 to pay employees at the company's Lake Erie plant a 3.3percent raise.

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Investors seek funds from Stelco to cover legal fees

Article Abstract:

The investors of Stelco Inc. wants to make sure of the shareholder rights of getting the funds from the company to cover any legal cases as the company is planning a restructure. The details of the investors demand are presented.

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Stelco bondholders lose court appeal

Article Abstract:

Ontario Court of Appeal decided Stelco Inc. $550 million refinancing package in favor of creditors. CompanyEs bondholders earlier rejected the package

Legal issues & crime, Legal/Government Regulation, Company legal issue, Cases, Ontario. Court of Appeal

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