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Russian steelmaker OAO Severstal said Monday it has finished its $140 million acquisition of WCI Steel, a Warren, Ohio-based producer of value-added steel products. WCI Steel will be known as Severstal Warren Inc.
WARREN, Ohio, July 7 /PRNewswire-FirstCall/ -- The sale of WCI Steel Inc. to OAO Severstal was completed today, providing "a bright future built on a proud past" for its employees, customers, suppliers and community, said Leonard M.
MOSCOW, July 7 /PRNewswire-FirstCall/ -- OAO Severstal (LSE: SVST; RTS: CHMF; "the Company"), one of the world's leading metals and mining companies, today completed its previously announced acquisition of WCI Steel, a market leader in the production of value-added steel products based in Warren, Ohio.
By Harris, Linda Esmark Inc., posted $15.8 million in red ink for the first three months of 2008, but the company's management team said they expect to make it into the black in the second quarter.
Russian metals and mining company OAO Severstal announced it has an agreement to buy West Virginia-based Esmark Inc. for $19.25 per share. Including the assumption of debt and loans, that puts the value of the deal at $1.25 billion.
By Vicki Smith Steelmaker and distributor Esmark Inc. has an attractive assortment of plants and equipment with unrealized potential, but Russian metals and mining company OAO Severstal said Thursday it plans to change that with a $250-million, five-year capital investment.
Russian metals and mining company OAO Severstal announced Wednesday it has an agreement to buy West Virginia-based Esmark Inc. for $19.25 per share. Including the assumption of debt and loans, that puts the value of the deal at $1.25 billion.
To: NATIONAL EDITORS Contact: Tony Montana of United Steelworkers (USW), +1-412-562- 2592 PITTSBURGH,June 26/PRNewswire-USNewswire/ -- The United Steelworkers (USW) today welcomed the news that Esmark has entered into a definitive merger agreement with OAO Severstal and that Esmarks board of directors now recommends that shareholders tender their shares to Severstal.
By Andrea K. Walker, The Baltimore Sun Jun. 26--Russian steelmaker OAO Severstal emerged yesterday as the apparent winner in a takeover fight for West Virginia-based Esmark Inc., agreeing to buy the steelmaker for $775 million plus debt in a deal that could boost production at Sparrows Point.
Esmark Incorporated (NASDAQ:ESMK) (the "Company") announced today that it has entered into a definitive merger agreement to be acquired by OAO SeverStal ("SeverStal") for $19.25 per share. This represents an overall transaction including debt valued at approximately $1.25 billion.
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