UPDATE 1-FormTech files for bankruptcy, seeks to sell assets

Newswire

* Files for Chapter 11 protection in Delaware * Seeks assets sale through auction * Lists assets in $100-$500 mln range * Lists debt $50 mln to $100 mln Aug 27 (Reuters) - FormTech Industries LLC, a supplier of forged metal automotive components, filed for bankruptcy protection on Wednesday and sought approval to sell all its assets through a court-supervised auction, court documents showed. In its Chapter 11 filing, the Royal Oak, Michigan-based company listed assets in the range ...

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