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Judge approves Horsehead Holding bankruptcy exit
September 2, 2016 / 3:50 PM / a year ago

Judge approves Horsehead Holding bankruptcy exit

WILMINGTON, Del (Reuters) - Horsehead Holding Corp’s plan to exit bankruptcy was approved on Friday after a judge rejected allegations by the zinc producer’s shareholders that their investment was being unfairly wiped out.

Under the plan, Horsehead will eliminate most of its $427 million in pre-bankruptcy debt and emerge from Chapter 11 under the control of its noteholders.

Reporting by Tom Hals in Wilmington, Delaware

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