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Philip Services eyes asset sale to pay off debts.

Publication: American Metal Market
Publication Date: 05-JUN-03
Format: Online
Delivery: Immediate Online Access
Full Article Title: Philip Services eyes asset sale to pay off debts.(Philip Services Corp. plans to sell all of its operating units in order to pay off debts)

Article Excerpt
PHILADELPHIA -- Philip Services Corp. said late Tuesday that it will try to sell all of the company's operating units either as a whole or piecemeal in order to pay off the company's debts.

"Our primary avenue is to pursue a sale of all or substantially all the assets of the company as a going concern. ... We will seek...

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