Today In Enron History

April 26, 2002, Sempra Energy Trading announced that it completed acquisition of the metals concentrates business of New York-based Enron Metals & Commodity Corp.

Enron Metals & Commodity Corp. was a top global trader of copper, lead and zinc concentrates. Sempra Energy Trading purchased the metals concentrates business for a cash price of $43.5 million, after approval by the U.S. Bankruptcy Court April 24, 2002.

Previously, on Feb. 4, 2002, Sempra Energy Trading completed the acquisition of London-based Enron Metals Limited, the leading metals trader on the London Metals Exchange, for $145 million, and renamed the company Sempra Metals Limited.

On the same day in 2002, a bankruptcy judge approved the Houston Astros’ $2.1 million buyout agreement with bankrupt Enron Corp. over the naming rights to team’s stadium.

With creditor approval, Judge Arthur Gonzalez allowed Enron to terminate its 30-year, $100 million deal with the Astros. By this date, the Astros had already removed all signs of Enron from the ballpark.

Also: this picture was taken of Jeff Skillig leaving the court house on April 26, 2006:

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