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Our Specialty Paper Products segments net sales were 2.3 million, 0.3 million and 2.5 million for the years ended December 31, 2008, 20, respectively.
In September of this year, the federal judge overseeing the bankruptcy ordered the assets to be liquidated, records show.
Earlier this year, Intermet was understood to be a target of Cerion L. C., an auto-parts manufacturing group being formed by investors through the acquisition of distressed assets. Two Intermet Ferrous Group foundries in Virginia — the Archer Creek Foundry in Lynchburg and the New River Foundry in Radford — are marked for shutdown according to local reports.
"The proposed sale transaction is so substantially below the likely value of KCWI that it must be denied," reads the suit. Titan Broadcast Management, which assists in the management of some Pappas stations, did not comment at presstime. In an email, Perry Sook, Nexstar president/CEO, said the suit was "expected."The suit was filed in U.
Intermet filed for Chapter 11 bankruptcy in August 2008.