Collins & Aikman Corp. strikes a deal calling for its major auto maker customers to pay the bankrupt supplier on an expedited basis and support its efforts to sell operations. The deal, outlined in a filing with the U.S. Securities and Exchange Commission, has been approved by the U.S. Bankruptcy Court handling C&A’s reorganization, Reuters reports. C&A does not specify an amount for the support or the customers involved, but says the cash would allow it to cover some of its ...
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