Archive for March 29th, 2007
U.S. Steel agrees to buy Lone Star
United States Steel Corp. plans to buy Lone Star Technologies Inc., a maker of welded pipe used in oil fields, in a $2.1 billion cash deal that will make it North America’s largest producer of tubular steel.
The Pittsburgh-based company said Thursday the transaction will combine its largely seamless tubular business with Lone Star’s welded tubular [...]
Posted: March 29th, 2007 under Steel News.
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Voestalpine Bids EU3.5 Billion for Boehler
Voestalpine AG, Austria’s biggest steelmaker, agreed to buy specialty steel-producer Boehler- Uddeholm AG for 3.52 billion euros ($4.69 billion), foiling a bid by private equity company CVC Capital Partners Ltd.
Voestalpine will pay 69 euros a share for Boehler, according to a statement sent today to the Frankfurt stock exchange. The shares rose 47 cents, or [...]
Posted: March 29th, 2007 under Steel News.
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