OAO Severstal has made a proposal to Esmark Incorporated to acquire
all of the outstanding shares of common stock of Esmark for $ 17.00 per
share in cash. Severstal says it is best positioned to optimize the
value of Esmark by creating complementary product lines, geographical
alignment, and operational synergies. Together, the combined company
could become one of the North American leaders in flat rolled steel
products.
COPYRIGHT 2008 ASM
International Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
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