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Esmark bails on Essar, agrees to Severstal buyout

AP — Wed, 25 Jun 2008 21:03:28 +0000

Russian metals and mining company OAO Severstal says it has an agreement to buy West Virginia-based Esmark Inc. for $19.25 per share.Including the assumption of debt, that puts the value of the deal at $1.25 billion.Esmark has been at the center of...

Severstal says its offer for Esmark Inc. superior to Essar's

AP — Tue, 20 May 2008 18:18:34 +0000

Russian metals and mining company OAO Severstal offered Tuesday to buy Esmark Inc. for $17 per share in cash, claiming it has the critical support of the United Steelworkers union.The union late last week said it would oppose an identical $670...

ArcelorMittal sues Esmark over aborted steel mill sale

AP — Fri, 09 May 2008 16:35:11 +0000

ArcelorMittal, the world’s largest steelmaker, filed a lawsuit against steelmaker Esmark over the aborted sale of a steel mill near Baltimore.Luxembourg-based ArcelorMittal claims that Esmark breached its August 2007 agreement to purchase the...

Indian company buying West Virginia steelmaker Esmark

AP — Wed, 30 Apr 2008 21:13:31 +0000

Steelmaker and distributor Esmark Inc. says it has accepted a cash buyout offer valued at about $669 million from India’s Essar Steel Holdings Ltd.Esmark said Wednesday it has agreed to sell for $17 a share _ a 13.5 percent premium over...