KPS Abandons Bid for Essar Steel Algoma
SAULT STE. MARIE – The United Steelworkers (USW) learned today that KPS Capital Partners (KPS) is withdrawing from the bid for Essar Steel Algoma Inc. (“Algoma”) and that certain of Algoma’s term lenders will be pursuing the bid independently. This is the latest twist in a mismanaged Sale and Investment Solicitation Process (SISP). The process so far […]