GT Advanced creditors complain about getting ‘too little’ in proposed Apple settlement
As Apple moves to repurpose the Mesa, Arizona plant it sought to run with the now bankrupt GT Advanced Technology, Reuters is reporting Wednesday that GT’s creditors aren’t all too happy about the agreement.
Even though the iPhone maker is committed to keeping the Arizona facility alive despite the failed sapphire manufacturing agreement with GT, creditors in a bankruptcy court filing noted that GT “may have gotten too little” in the proposed settlement with Apple.