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                    [ArticleID] => 96493
                    [Title] => Dutch firm loses interest in National Steel
                    [Summary] => Dutch firm Ispat International NV is no longer interested in acquiring the debt-stricken National Steel Corp. (NSC), Trade and Industry Secretary Manuel Roxas II said yesterday.


Ispat was recently reported to have tendered a $100-million bid for the debt-saddled steel maker.


"Ispat appeared earnest in its desire to acquire NSC, but it never put up the money to back up its offer," Roxas said. The other bidders, Roxas said, "are still probably interested, but have not communicated any change in their position."


                    [DatePublished] => 2001-03-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 100492
                    [Title] => NSC gets until April 17 to submit rehab plan
                    [Summary] => 

The Securities and Exchange Commission (SEC) has turned down the appeal of
debt-strapped National Steel Corp. (NSC) to have until the end of the month to
submit its revised rehabilitation plan.

Instead, the SEC ordered the Mindanao-based steel firm to submit by April 17,
its amended rehabilitation plan that will detail its strategy to reverse the
financial losses of the company.

The  interim receivers for NSC led by Monico V.
                    [DatePublished] => 2000-04-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 100332
                    [Title] => NSC seeks new 60-day debt relief
                    [Summary] => 

The National Steel Corp. (NSC) is seeking another 60-day extension of its
suspension of debt payments to keep its creditors at bay and prevent them from
pursuing claims against the company's assets.

The debt-laden NSC said that while the first 60-day debt relief granted to it
by the Securities and Exchange Commission (SEC) lapsed last March 18, it needs
another 60 days or until May 18 to firm up talks with a potential investor and
to come up with a viable rehabilitation plan.

NSC said it is currently firming up negotiations with a European steel firm,
Duferco S.A.
                    [DatePublished] => 2000-03-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

DUFERCO S

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    [results] => Array
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                    [ArticleID] => 96493
                    [Title] => Dutch firm loses interest in National Steel
                    [Summary] => Dutch firm Ispat International NV is no longer interested in acquiring the debt-stricken National Steel Corp. (NSC), Trade and Industry Secretary Manuel Roxas II said yesterday.


Ispat was recently reported to have tendered a $100-million bid for the debt-saddled steel maker.


"Ispat appeared earnest in its desire to acquire NSC, but it never put up the money to back up its offer," Roxas said. The other bidders, Roxas said, "are still probably interested, but have not communicated any change in their position."


                    [DatePublished] => 2001-03-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
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                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 100492
                    [Title] => NSC gets until April 17 to submit rehab plan
                    [Summary] => 

The Securities and Exchange Commission (SEC) has turned down the appeal of
debt-strapped National Steel Corp. (NSC) to have until the end of the month to
submit its revised rehabilitation plan.

Instead, the SEC ordered the Mindanao-based steel firm to submit by April 17,
its amended rehabilitation plan that will detail its strategy to reverse the
financial losses of the company.

The  interim receivers for NSC led by Monico V.
                    [DatePublished] => 2000-04-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 100332
                    [Title] => NSC seeks new 60-day debt relief
                    [Summary] => 

The National Steel Corp. (NSC) is seeking another 60-day extension of its
suspension of debt payments to keep its creditors at bay and prevent them from
pursuing claims against the company's assets.

The debt-laden NSC said that while the first 60-day debt relief granted to it
by the Securities and Exchange Commission (SEC) lapsed last March 18, it needs
another 60 days or until May 18 to firm up talks with a potential investor and
to come up with a viable rehabilitation plan.

NSC said it is currently firming up negotiations with a European steel firm,
Duferco S.A.
                    [DatePublished] => 2000-03-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Dutch firm loses interest in National Steel

March 22, 2001 - 12:00am

Dutch firm Ispat International NV is no longer interested in acquiring the debt-stricken National Steel Corp. (NSC), Trade and Industry Secretary Manuel Roxas II said yesterday. Ispat was recently reported to have...

Business

NSC gets until April 17 to submit rehab plan

By Rocel Felix | April 12, 2000 - 12:00am

The Securities and Exchange Commission (SEC) has turned down the appeal of debt-strapped National Steel Corp. (NSC) to have until the end of the month to submit its revised rehabilitation plan. Instead, the...

Business

NSC seeks new 60-day debt relief

By Rocel Felix | March 28, 2000 - 12:00am

The National Steel Corp. (NSC) is seeking another 60-day extension of its suspension of debt payments to keep its creditors at bay and prevent them from pursuing claims against the company's assets. The debt-laden...

Business