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07
Apr
2016
Arrium goes into administration after recap plan failsBy:Creamer Media Senior Deputy Editor: Australasia STEEL & IRON ASX-listed Arrium has gone into voluntary administration after lenders this week rejected a recapitalisation plan.
Arrium told shareholders on Thursday that after considering the available alternatives, it had become clear that the company had no option other than to go into voluntary administration to protect the interest of stakeholders.
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