December 24, 2015
On December 22, 2015 U.S. Steel Canada Inc. (“USSC”) served and filed a motion seeking approval from the court to commence a sales and investment solicitation process (“SISP”). The SISP seeks to solicit interest in and opportunities for a sale or investment in all or part of the assets and business operations of USSC including, Hamilton Works and Lake Erie Works.
The motion is expected to be heard on January 12, 2016 and the motion material can be viewed by clicking here.
In addition, on December 22, 2015, USSC served and filed a motion seeking an extension of the CCAA stay until April 29, 2016 and certain amendments to the Engagement Letter of the Chief Restructuring Officer William Aziz. This motion is also expected to be heard on January 12, 2016 and the motion material can be viewed by clicking here.