BREAKING: Judge gives positive endorsement, sale not finalized

A Toronto judge has given a positive endorsement to work completed to broker the sale of Sault Ste. Marie’s steelmaker but the deal has not yet been finalized.
The court heard that the Port of Algoma’s financeer GIP and Algoma’s purchaser have come to an agreement, resolving the final non-governmental outstanding matter for the sale to take place.
Superior Court Justice Glenn Hainey is providing time to the parties to finalize that agreement and return it to the court.
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