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Lakeside Steel Inc V.LS



TSXV:LS - Post by User

Post by MIA17on Sep 28, 2009 1:21pm
545 Views
Post# 16344155

This one is guaranteed OFF THE RADAR.

This one is guaranteed OFF THE RADAR.$0$0Lakeside Steel comments on AMM article$0$0$0$0$02009-09-28 12:23 ET - News Release$0$0Mr. Vic Alboini reports$0$0LAKESIDE RESPONDS TO JOHN MANEELY'S POSSIBLE INTEREST IN ACQUIRING LAKESIDE$0$0Lakeside Steel Inc. has responded to an article published in American Metal Market dated Sept. 28, 2009 (the AMM article), about the possible interest of John Maneely Company in acquiring both Lakeside and Barzel Industries Inc.$0$0In Stockwatch on Sept. 22, 2009, Lakeside announced its interest in acquiring some or all of the assets of Barzel through the Chapter 11 bankruptcy process. Barzel operates 16 pipe and tube, processing, manufacturing and distribution facilities in the United States and Canada.$0$0John Maneely is a large U.S.-based steel pipe and tube manufacturer. The majority owner of John Maneely is the Carlyle Group, a large private equity firm, based in the U.S. The AMM article states that: "Barry Zekelman, John Maneely Co's president and chief executive officer, said his firm is feeling acquisitive and has Lakeside Steel Inc. and bankrupt Barzel Industries Inc. in its sights."$0
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