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Re: A deleted message

Wednesday, 03/17/2010 6:08:38 AM

Wednesday, March 17, 2010 6:08:38 AM

Post# of 552
BTW, I found this article from the 2nd of November, 2009:

CHICAGO -- Chriscott USA Inc. has agreed to pay $75 million for substantially all the assets of bankrupt distributor and tube producer Barzel Industries Inc., $10 million above the $65 million proposed in its asset purchase agreement, as it had to outbid a consortium of four other companies seeking parts of the business, according to a banker involved in the process.

"There were four other bidders that were acting as a bid consortium, but no one else was bidding for everything" as was Chriscott, Daniel Sullivan, senior vice president of Houlihan Lokey Howard & Zukin Capital Inc., the Chicago-based investment bank and advisor to Barzel, told AMM on Friday.

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