AS PART of a restructuring incite that is scheduled to generate up to $100 million from the sale of noncore assets.
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AS PART of a restructuring incite that is scheduled to generate up to $100 million from the sale of noncore assets, OM collection Inc. (OMG) has sold its SCM Metal works Inc. to Swedish company Hoganas AB for $65 million in cash.
"While this particular asset sale is a small positive for OMG the company still straits to generate larger asset sales (or partnering) to generate cash and strengthen its balance sheet," says Salomon Smith Barney analyst Gil Yang. Mr Yang adds that OMG did not befitting the first deadline for asset sales outlined in its strange credit agreement, nor did
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