MANILA -- Cerberus Capital Management, a U.S. private equity company, is poised to take over the bankrupt Hanjin shipyard, which is strategically located in Subic Bay in the Philippines and also the subject of investor interest from China.
Cerberus, shipyard owner Hanjin Heavy Industries and Construction of South Korea, and creditors are finalizing documentation and plan to close the deal by April 15, three people familiar with the negotiations told Nikkei Asia.
