UPDATE 1-KPS Capital Partners backs out of Essar Steel Algoma bid

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UPDATE 1-KPS Capital Partners backs out of Essar Steel Algoma bid

UPDATE 1-KPS Capital Partners backs out of Essar Steel Algoma bid
July 14 (Reuters) - Essar Steel Algoma Inc saidprivate equity firm KPS Capital Partners LP had backed out of aconsortium that made an offer for the Steel maker, but thatcertain term lenders were...

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