Allegheny Technologies To Buy Crucible Unit Assets
Stock quotes in this article:
ATI
PITTSBURGH (AP) Allegheny Technologies Inc. said Monday it expects to buy the assets of Crucible Compaction Metals and Crucible Research for $40.95 million following a bankruptcy court auction.
The company said the transaction is expected to close by Oct. 31. It did not provide further details. Crucible Compaction Metals and Crucible Research are divisions of Syracuse, N.Y.-based Crucible Materials Corp. In May, Crucible Materials said the decline in the automotive industry was forcing it into bankruptcy reorganization. The company filed for Chapter 11 bankruptcy protection in Delaware. Shares of ATI Technologies rose a penny to close at $34.87.- Loading Comments...
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