Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Ryerson Tull Reaches Agreement with Ispat and PBGC
Sep 19, 2003
 Printable format
 Email this Article
 Search

Ryerson Tull, Inc. announced that it has settled all claims between it and Ispat Inland Steel Company and Ispat International NV, related to the U.S. $90 million aggregate limit for environmental and other indemnification claims from its 1998 sale of Inland Steel Company. The settlement required a $21-million payment by Ryerson Tull to the Ispat Inland Pension Plan on Sept. 15, 203. An accrual previously established by Ryerson Tull will fully cover the settlement payment.

A separate agreement between Ryerson Tull, the Pension Benefit Guaranty Corporation (PBGC), and Ispat provides that the $21-million payment will immediately reduce Ryerson Tull's $50-million letter of credit/guaranty to the PBGC supporting the Ispat Inland Pension Plan. Future payments to be made to Ispat under the settlement agreement will continue to reduce Ryerson Tull's letter of credit on a dollar-for-dollar basis.

Back to Daily News

 

Daily News

...........................................................

Oct 21, 2014: AHRI Annual Meeting Registration Remains Open

Oct 20, 2014: Electrolux 3Q Operating Income up 29%

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: Corrected: AHRI Annual Meeting Registration Remains Open

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows