Arcelor S.A. announces its intention to make an enhanced all cash offer to acquire all of the outstanding common shares of Canadian steelmaker Dofasco Inc. at C$63.00 per share.
Arcelor enhances offer to acquire Dofasco Inc.
Posted on Friday December 23, 2005 in Business
Acquisition of Millennium Steel Company, Thailand
Posted on Thursday December 15, 2005 in Business
Under the terms of the agreement, Cementhai Holding Company, the largest shareholder of Millennium Steel with a 40% equity stake (prior to the new shares subscribed to by Tata Steel) have committed to sell their shares into a voluntary tender offer that Tata Steel will make for all of the equity and preference shares of Millennium Steel subject to certain conditions precedent.
The tender offer and the subscription to new shares by Tata Steel will be at Baht 1.15 per share.
Millennium Steel is the dominant steel producer in Thailand. The company is listed on the Stock Exchange of Thailand and is owned 40% by Cementhai Holding Company, with the remaining being held widely among institutional and retail investors. The investment is a significant progression in Tata Steel’s globalisation initiatives and, together with the earlier acquisition of NatSteel’s steel business, will significantly enhance its market position in South East Asia.
Andritz receives major order for the supply of a complete stainless steel plant to China
Posted on Thursday September 22, 2005 in Business
International Technology Group Andritz received an order from JIUQUAN Iron & Steel Co. Ltd., China for the supply of a complete plant for the manufacture of cold-rolled stainless steel strip with an annual capacity of approximately 600,000 tons.
Arcelor included in the DJ Sustainability Index
Posted on Tuesday September 20, 2005 in Business
Arcelor has been included in the Dow Jones Sustainability Index (DJSI) World, one of the most important and recognized global indexes tracking the performances of the leading sustainable development-driven companies worldwide.
Nippon Steel and Sumitomo Metals prepare for joining forces
Posted on Friday January 21, 2005 in Business
Nippon Steel and Sumitomo Metals have agreed to start study of a possible joint utilization of iron and steelmaking facilities at Wakayama Steel Works.
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