US: Tower seeks new investors

摘要

THE investment funds managed by Strategic Value Partners, Wayzata Investment Partners and Stark Investments have notified Tower that they have terminated their 19 December 2006 Commitment Letter to underwrite an equity rights offering. Tower has announced that it has received other proposals from interested investors and is currently evaluating them with the goal of completing its restructuring process in the first half of 2007. The company has declined to reveal details of these investors.