Latest SeverStal Stories
MOSCOW, June 25 /PRNewswire-FirstCall/ -- OAO Severstal (LSE: SVST; RTS: CHMF; "Severstal", "the Company"), one of the world's leading metals and mining companies, today announced that it has entered into a definitive merger agreement to acquire Esmark Incorporated (Nasdaq: ESMK; "Esmark"), a manufacturer and distributor of flat rolled and other steel products.
Essar Steel Holdings Limited (Essar) today announced that it has informed the Board of Directors of Esmark Incorporated (Esmark) that Essar is withdrawing its offer to purchase all of the outstanding shares of Esmark at US$19 per share.
To: LABOR EDITORS Contact: Tony Montana of United Steelworkers (USW), +1-412-562- 2592 PITTSBURGH, June 24 /PRNewswire-USNewswire/ -- Yesterday, the United Steelworkers (USW) and Esmark agreed to make no public comments regarding arbitrator Richard I.
WHEELING - Russian steelmaker OAO Severstal says it's disappointed in Esmark Inc.'s tactic to stave off a $670 million takeover bid, saying the move tips the scales to an India-based steel producer.
MOSCOW, June 19 /PRNewswire-FirstCall/ -- OAO Severstal (LSE: SVST; RTS: CHMF; "Severstal"), one of the world's leading metals and mining companies, today sent the following letter to the Board of Directors of Esmark Incorporated (Nasdaq: ESMK; "Esmark") with respect to Severstal's previously announced all cash $17 per share tender offer to acquire all of the outstanding shares of Esmark common stock.
WARREN, Ohio, June 18 /PRNewswire-FirstCall/ -- In response to media inquiries concerning the legal challenge filed by Optima International of Miami and certain minority stockholders of WCI Steel, Inc.
By Harris, Linda WHEELING - Russia's OAO Severstal has emerged as a new suitor for Esmark Inc., the Chicago-based steel services and distribution company that recently signed a memorandum of understanding with India's Essar Steel Holdings.
By Joe Napsha, The Pittsburgh Tribune-Review Jun. 14--Pittsburgh will gain another steel company headquarters, if India-based Essar Steel Holdings Ltd. wins the battle to buy Esmark Inc. and its subsidiary, Wheeling-Pittsburgh Steel, the head of Essar-Americas said Friday.
Reportlinker.com announces that a new market research report related to the Metal manufacturing industry is available in its catalogue. World Steel Markets http://www.reportlinker.com/p087369/World-Steel-Markets.html This report analyzes the worldwide markets for Steel in Millions of Metric Tons.
By Joe Napsha Wheeling-Pittsburgh Steel Corp.'s parent firm said Wednesday that a $1.1 billion buyout offer from India's Essar Steel Holdings Ltd. won't save its mill in Allenport in Washington County.