09-11-2018 20:52 via saultstar.com

Push to complete Algoma sale transaction continuing

The push for Algoma to emerge from bankruptcy protection and launch a fresh start by the end of the month under its original name Algoma Steel Inc. continues.Algoma is set to emerge from Companies’ Creditors Arrangement Act proceedings by Nov. 30.Earlier this week in Toronto, Superior Court Justice Glenn Hainey put his stamp of approval on an interim pension arrangement agreement which will allow the pension plan to remain in place until the Ontario government can make changes to the Ontar
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