News - Essar Steel Holdings Limited
WHEELING, W.Va., June 11 /PRNewswire-FirstCall/ -- Esmark Incorporated (the "Company"), announced today that its subsidiary Wheeling-Pittsburgh Steel Corporation has filed a charge under the National Labor Relations Act ("NLRA") against the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Services Workers International Union (the "USW") alleging multiple violations of federal labor law in connection with the USW's repeated claims that they can, and their attempts to, block the proposed acquisition of the Company by Essar Steel Holdings Limited ("Essar").
Essar Steel Holdings Limited (Essar) yesterday informed the Esmark Board of Directors that Essar is providing notice of its intention to increase its offer to purchase all of the outstanding shares of Esmark. Upon execution of the Merger Agreement, Essar will increase its offer to USD 19 per share.
Essar Steel Holdings Limited (Essar), a part of the multi-billion dollar Essar Global Limited, a diversified business conglomerate with interests in the sectors of Steel, Energy, Power, Shipping & Logistics, Telecommunications, Mining & Minerals, and Construction, today informed the Esmark Board of Directors that it was ready to consider a potential increase to its April 30, 2008, offer to acquire Esmark Inc.
WHEELING, W.Va., May 20 /PRNewswire-FirstCall/ -- Esmark Incorporated today responded to the position taken on Friday by the United Steelworkers (USW) concerning the proposed tender offer and subsequent merger with Essar Steel Holdings Limited (Essar), emphasizing that the Company has in all cases observed both the spirit as well as the letter of the "right to bid" process under the Collective Bargaining Agreement, both in its negotiation with Essar and interaction with the USW.
WHEELING, W.Va., May 6 /PRNewswire-FirstCall/ -- Esmark Incorporated (the "Company") today announced that Essar Steel Holdings Limited ("Essar") has completed a new $31 million term loan facility to its wholly owned subsidiary Esmark Steel Services Group, Inc.
