Archive for January 24th, 2006
What next for Thyssen Krupp?
Whilst Thyssen Krupp have ceded in the bidding war for Dofasco to Arcelor, analysts within the steel industry believe that TK still has ambitions within the North American Steel market.
With TK out of the Dofasco race, they may look to other possible targets such as AK Steel Holding Corp., the biggest U.S. maker of automotive [...]
Posted: January 24th, 2006 under Steel.
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Arcelor win Dofasco bidding war
BRUSSELS (Reuters) - Arcelor came out victorious in a bidding war for Dofasco on Tuesday when the Canadian steel maker accepted its offer of C$71 per share after German rival ThyssenKrupp withdrew its bid.
In a joint statement, Dofasco said its board had accepted Arcelor’s offer in a deal valuing it at C$5.6 billion ($4.9 billion).
Shares [...]
Posted: January 24th, 2006 under Steel.
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