Stelco gets offer from Russian steel giant
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Stelco Inc. has received a takeover offer from Russian industry giant OAO Severstal at a time when Bay Street is awash in rumours about possible financing deals for the restructuring Hamilton steel maker.
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Siemens AG has announced two contracts, one in Russia and another in South Africa.
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Russian steel maker Severstal (CHMFq.L)  is in negotiations to buy Weirton Steel Corp. of the United  States from Mittal Steel  , Russian paper  Kommersant reported on Friday, without naming its source.
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TORONTO (CP) - Stelco Inc. has salvaged a $900-million financing arrangement with Deutsche Bank despite the loss of a big General Motors contract.
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TORONTO (CP) - A German bank&#39;s $900-million financing proposal to Stelco Inc. gives current shareholders a chance to buy new stock in the profitable company - but they would have to pay a premium, Stelco said Monday.
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NEW YORK (CBS.MW) -- International Steel Group (ISG) said it will be acquired by Ispat International (IST) in a deal valued at $4.
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Russian security firm is the latest to offer a product for mobile devices, a huge potential market.
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MOSCOW  - Chinese oil conglomerate CNPC could be offered up to 20 percent of a state-owned Russian firm that will own Yuganskneftegaz, the main asset of the dismembered Yukos energy giant, the Russian industry and energy minister said.
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Steel group Arcelor has to  convince investors why it made a 13 billion-euro (&#36;16.59  billion) deal with Russia&#039;s Severstal instead of talking to  suitor Mittal Steel, analysts and shareholders said on Monday.
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An Ontario court approved Deutsche Bank AG&#39;s (DBKGn.DE: Quote, Profile, Research) bailout plan for Stelco Inc. (STEa.TO: Quote, Profile, Research) on Monday, a bid that serves as
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Russia sold its 23.8 percent stake in OAO Magnitogorsky Metallurgichesky Kombinat, the country&#39;s second- largest steelmaker, for $790.15 million to investors friendly to the company&#39;s
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Arcelor  said on Friday it  has agreed to buy Russia&#039;s Severstal  to create the  world&#039;s biggest steelmaker, in a move that threatens to block  Mittal Steel&#039;s  bid for the European group.
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Arcelor SA, the steelmaker fighting a hostile bid from rival Mittal Steel Co., said Friday it reached a deal that would give it a controlling stake in Russia&#039;s largest steelmaker Severstal and &#36;1.59 billion in cash in exchange for 32 percent of Arcelor.
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GMP Capital Corp. (GMP.TO: Quote, Profile, Research) said on Wednesday it has no plans to make further bids to restructure Stelco Inc.
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Russian steel maker Severstal  is in negotiations to buy Weirton Steel Corp. of the United States from Mittal Steel  , Russian paper Kommersant reported on Friday, without naming its source.
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NEW YORK (CBS.MW) -- Mechel Steel priced its American depositary shares at $21 each Friday, in the first initial public offering from Russia in 2 1/2 years.
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Deutsche Bank AG&#39;s C$900 million ($759 million) proposal to provide financing to Stelco Inc. was approved by an Ontario judge over the objections of rival bidders and Stelco&#39;s unions.