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Refco removes bidder Alaron from auction.

Publication: American Metal Market
Publication Date: 10-NOV-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: Refco removes bidder Alaron from auction.(Nonferrous)(Alaron Trading Corp.)

Article Excerpt
NEW YORK -- Refco Inc. has disqualified futures and options broker Alaron Trading Corp., Chicago, from bidding for its assets.

Alaron, which trades in metals and energy, had submitted a bid to acquire the private client and retail business of New York-based Refco.

"We were deemed not to be part of the formal bidding process," Gary Weber, managing partner of Alaron, said. "It's unfortunate and we're disappointed. We're not sure why...

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