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Prospect News home > News index > List of issuers O > Headlines for Ormet Corp. > News item
Published on 12/1/2004 in the Prospect News Distressed Debt Daily.

MatlinPatterson acquires $8.1 million Ormet claim

Washington, Dec. 1 - MatlinPatterson Global Opportunities Partners II LP acquired an $8.1 million claim against Ormet Corp. from Hydro Aluminum a.s., according to paperwork filed Wednesday with the U.S. Bankruptcy Court for the Southern District of Ohio.

Ormet, a Wheeling, W.Va.-based aluminum company, filed for bankruptcy on Jan. 30, 2004. Its Chapter 11 case number is 04-51255.


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