Algoma Continues Discussions With Noteholders.Business Editors SAULT STE. MARIE Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada. , Ontario--(BUSINESS WIRE)--Dec. 7, 2001 Algoma Steel ''See also Algoma (Disambiguation) Algoma Steel Corporation (TSX: AGA) was founded in 1902 by Francis Clergue, an American entrepreneur who had settled in Sault Ste. Marie, Ontario. Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ALG ALG antilymphocyte globulin. ALG antilymphocyte globulin. ALG Antilymphocyte globulin, see there .) announced today the results of the votes of the creditors on its Plan of Arrangement. The Plan was overwhelmingly approved by four of its five creditor classes. The two classes of pension creditors, the unsecured creditors and the City of Sault Ste. Marie all approved the Plan. The Noteholders voted against the Plan and then their meeting was adjourned to Monday, December 10, 2001 to permit further discussions. Hap Stephen, Algoma's Chief Restructuring Officer, said the Company will continue discussions with the Noteholders and other key stakeholders over the weekend to resolve the differences so that the restructuring can proceed. The Company will return to Court on Monday, December 10, 2001 to report on the progress of the discussions and to seek directions on the ongoing proceedings. Algoma Steel Inc., based in Sault Ste. Marie, Ontario For the city of Sault Ste. Marie in Michigan, or the Canadian federal and provincial electoral districts of the same name, see: Sault Ste. Marie. Sault Ste. Marie (nicknamed "the Sault" or "the Soo") is a city on the St. Marys River in Ontario, Canada. , is Canada's third largest integrated steel producer. Revenues are derived primarily from the manufacture and sale of rolled steel products, including hot and cold rolled sheet and plate. |
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