Wednesday, January 04, 2006
ThyssenKrupp matches bid for steel rival
MSNBC.com
Germany�s ThyssenKrupp AG said Tuesday it raised its bid for the Canadian steelmaker Dofasco Inc. to $4.2 billion, matching the latest competing offer from steel rival Arcelor SA.
Both bidders are now offering 63 Canadian dollars ($54.23) per share, or a total of 4.88 billion Canadian dollars ($4.2 billion), in cash for Dofasco, which is a major supplier to U.S. automakers.
Germany�s ThyssenKrupp AG said Tuesday it raised its bid for the Canadian steelmaker Dofasco Inc. to $4.2 billion, matching the latest competing offer from steel rival Arcelor SA.
Both bidders are now offering 63 Canadian dollars ($54.23) per share, or a total of 4.88 billion Canadian dollars ($4.2 billion), in cash for Dofasco, which is a major supplier to U.S. automakers.
Labels: Dofasco
