Republic Tech bids reach ten as assets go to auction
FAIRLAWN Republic Technologies International reports ten bids on its assets by the Tuesday deadline. Bids ranged from large asset portions to individual plans and parcels. Lead bidder KPS Special Situations Fund/Hunt Investment offered 450 million for about 60 percent of the company. Local unions and debt holders may use credit bids at the auction in Akron.
MENTIONED IN THIS ARTICLE
Fairlawn
Republic Technologies International
John Willoughby
Willoughby
Republic
Ue Daarmnicy Court
Renaissance. Partners Inc
Pittsburgh
George Petrenko
Sidenot
Global Emerging Markets
Credit Suisse First Boston
Julio Marquez
GEM
Petrenko
Marquez
KPS Special Situations Fund
Hunt Investment
KPS
Dacheo Oul
Niagara Corp
New York
Lorain
Sartiem
Bagin Ao Meader
Akron
Cartersville, Ga
AmeriSteel Corp
Tampa
Fiz
Market rout deepens as accounting scandals spook investors
Stocks fell for a sixth straight week with the Nasdaq hitting a five year low as WorldCom profits and reserve accounts draw scrutiny. The Dow dropped over 100 points and the S and P 500 slid below its post 9 11 low amid a wave of questionable accounting disclosures. Vivendi Universal faced a 1.5 billion euro restatement tied to its BSkyB stake.
MENTIONED IN THIS ARTICLE
New York
America
WorldCom
Standard & Poor
Brian Bruce
Global Investments
PanAgora Asset Management
Boston
Enron
Dow
S&p
Ius
Global Crossing
Adelphia Communications
ImClone Systems
New Fort Fortress Café and Rock's Around the Clock Open on Broad Street
Two Elyria eateries begin serving downtown as Fortress Café at 525 Broad St offers burgers and pool in a greaseless fryer setup with seating for 60 plus. Rock's Around the Clock at 425 Broad St run by Roger Winfrey serves casual fare with a DJ, late hours, and downtown delivery for orders over $20.
MENTIONED IN THIS ARTICLE
Elyria
Broad Street
Fortress Café
Broad St
Noteu
Felix Roman
James Roman
Winfrey
James
Pittsburgh Culinary Arts Institute
Rock's
Rock’s
Also Mentioned on This Page
RTI
Kristin Yarbrough
Kyarbrough
Chronicletelegram
Alan Ackerman
Fahnestock & Co
le Monde
Vivendi Universal
Bskyb
Vincent D’agosto
Standards & Poor
Chicago
Christina Jo
the Chronicle-Telegram
Christina Routie
Crommeteiegamcon
Kent State University
Lorain County Community College
Kent State
Information Technology
Lorain County
LCC
University Partnership
Worm Lersincec
Cda
Ite
Communist CaStace
Universi
Fomac
Virgil Limpach
Apple’s
Damersee
The
Chronicle