The attached spreadsheet has a quick analysis of what US Steel paid, in total and $/ton of capacity. Most news reports seem to include only the cost of Stelco equity, this spreadsheet adds in the assumed debt.
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Here’s a link to the presentation re: the acquisition on US Steel’s website http://www.uss.com/corp/investors/presentations/Roadshow%20Presentation%20Final.ppt
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Arcelor Mittal is facing a shareholder revolt in Europe led by a group of hedge funds who want more for their shares than the Mittal formula currently offers. They go to court on Tuesday. This is similar – but less financially signifcant – to the revolt Mittal faced in Brazil earlier this year. Let’s just see if the link at the end of this story does its job.
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They’re still fighting shareholders in Europe to complete the massively complex acquisition of Arcelor
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AM announced an investment in a very modest long products mill in Western Russia. What does this mean?
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