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Rouge mulls options to deal with money problems.(Review)(Rouge Industries Inc. to refinance principal line of credit)
Crain's Detroit Business, October, 2003
Dearborn-based steelmaker Rouge Industries Inc. said it "continues to pursue strategic alternatives'' as it tries to refinance its principal line of credit. The company had hoped to refinance that credit line by Sept. 30. Alternatives could include a sale of the company or some of its assets, said a statement from Rouge (OTCBB: RGID).
Rouge already has disclosed that it was in talks to sell the company. Northwest turns down $14M offer to keep center Gov. Jennifer Granholm offered Northwest Airlines Corp. $14 million in state incentives to keep its Livonia reservations center open, but Northwest declined. "While we sincerely appreciate Gov. Granholm's offer,'' said Mary Stanik, media-relations manager for Northwest, "Northwest carefully considered all factors...
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