|
|
Article: Metaldyne Submits Stalking Horse Bids for Most of Its Powertrain and Chassis Operations.
- Article from:
- PR Newswire
- Article date:
- July 28, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
PLYMOUTH, Mich., July 27 /PRNewswire/ -- Metaldyne Corporation said today the U.S. Bankruptcy Court for the Southern District of New York has approved Hephaestus Holdings, Inc. as the stalking horse bidder for most of its Powertrain operations and Revstone Industries LLC as the stalking horse bidder for most of its Chassis operations. The auctions will be held in early August.
Hephaestus Holdings, Inc. (HHI), a portfolio company of KPS Capital Partners LP with other automotive holdings, has submitted a binding proposal for all of Metaldyne's Sintered Products, European Forgings and Vibration Controls Products operations located in Europe, Asia, Brazil, Mexico ...