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Market Update : 
U.S. Steel Agrees to Buy Stelco for $1 B
Author: Elena Todorova
123jump.com
Last Update: 8:34 AM EDT August 27 2007


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The deal, which is expected to complete this year, is worth C1.1 billion ($1.04 B), or C$38.50 a share. The transaction represents 43% premium over Stelco''s Friday close of C$26.93. The deal is expected to strengthen U.S. Steel’s position as a supplier of flat-rolled steel products in North America.

 

 

 
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