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Foundry Daily News

11. November 2009

US - Grede Foundries in deal with 'stalking horse' Wayzata

Grede Foundries in deal with 'stalking horse' Wayzata Grede Foundries Inc., which filed for Chapter 11 bankruptcy protection in June, has signed an asset purchase agreement with an affiliate of Wayzata Investment Partners LLC, identifying the investor as a "stalking horse" bidder, and has asked a federal bankruptcy court to approve a timeline for the auction.

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