Monday, August 27, 2007
Another one bites the dust - Stelco sold
So Stelco has been sold. The last Canadian owned steel mill is gone.
From the Stelco web site:
PITTSBURGH and HAMILTON, ON, Aug. 26, 2007 -- United States Steel Corporation and Stelco Inc., announced today that they have entered into a definitive agreement pursuant to which U. S. Steel will acquire Stelco for $38.50 (Canadian) in cash per share.
From the Stelco web site:
PITTSBURGH and HAMILTON, ON, Aug. 26, 2007 -- United States Steel Corporation and Stelco Inc., announced today that they have entered into a definitive agreement pursuant to which U. S. Steel will acquire Stelco for $38.50 (Canadian) in cash per share.
