TITLE

Wolverine Tube Files for Chapter II

PUB. DATE
November 2010
SOURCE
Metal Center News;Nov2010, Vol. 50 Issue 12, p42
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the filed bankruptcy protection by steel company Wolverine Tube Inc. in Huntsville, Alabama. Steven S. Elbaum, the company chairman, stated that the Chapter 11 bankruptcy protection, which involves an agreement by the noteholders to restructure the company's debt, is under the court's approval. Elbaum pointed out that once approved, the financial restructuring will lessen the company's debt and will give the company a substantial shareholder's equity.
ACCESSION #
55979335

 

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