Severstal, Steelworkers, others fight Deutsche Bank&#39;s Stelco bid ...
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TORONTO (CP) - A Russian steel company has gone to court to block Deutsche Bank&#39;s refinancing proposal for Stelco Inc., one of a flurry of legal objections filed Friday against a sales process critics say is biased in favour of the German bank.
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A group of Arcelor   shareholders is urging the steel group to alter its 13  billion-euro (&#36;16.6 billion) planned purchase of Russia&#039;s  Severstal and let shareholders accept it or reject it in a  vote.
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Defenders of financial rigour in the European Union attacked Tuesday a German call for a radical overhaul of the eurozone's budget rules at a lively meeting of EU finance chiefs.
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Stelco Inc. (STEa.TO) has lost a contract to supply steel to General Motors Inc. , its biggest customer, because the insolvent Canadian steelmaker failed to strike a deal with its workers, the union at Stelco said on Monday.
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Stelco Inc. (STEa.TO: Quote, Profile, Research) , Canada&#39;s largest steel company and a takeover target of Russia&#39;s OAO Severstal (CHMF.
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TORONTO -- Stelco Inc.&#39;s protection from creditors was extended to Feb. 11 yesterday at a court hearing where lawyers for shareholders and workers ganged up on a bid by Deutsche Bank to refinance the steelmaker.
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LONDON  - A bidding war for the London Stock Exchange (LSE) looked increasingly likely after Euronext said it had approached the group about a possible counterbid to Deutsche Boerse&#39;s 2.0-billion-euro offer.
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Arcelor CELR.PA said on Friday it   has agreed to buy Russia's Severstal CHMF.RTS to create the   world's biggest steelmaker, in a move that threatens to block   Mittal Steel's ISPA.AS bid for the European group.
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Business & money: Â· Group in talks with banks as deadline loomsÂ· Only increased offer will win over Rio Tinto board
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TORONTO (CP) - Troubled steelmaker Stelco Inc. and General Motors reached a deal Tuesday to secure the automaker as a customer next year, if the restructuring steelmaker can reach a key labour deal and prove to GM its restructuring is on track.
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Brazilian steel maker CSN raised the stakes yesterday in the takeover war for Britain's Corus Group PLC with a $9.6 billion bid that topped a sweetened offer by Tata Steel of India.
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They will try to settle their differences by Oct. 31 in a bid to prevent the loss of more big clients. TORONTO -- Stelco Inc. and the union representing 1,000 employees working without a contract at the company&#39;s
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Russian steelmaker Severstal was on  Saturday jostling to thwart any potential raised Mittal Steel  offer for rival steelmaker Arcelor as the battle for Arcelor  nears its climax, said a source familiar with the matter.
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Russia&#39;s OAO Severstal (CHMF.RTS: Quote, Profile, Research) made a bid for Stelco Inc. (STEa.TO: Quote, Profile, Research) on Tuesday, promising to take on the debts
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Deutsche Boerse's takeover bid for the London Stock Exchange is criticised by one of its own shareholders.
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HSBC Holdings Plc, Europe&#39;s biggest bank by market value, and Standard Chartered Plc are vying for control of Korea First Bank after neither of the UK-based lenders could agree a price with its biggest shareholder.
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Steel companies are feeling the pressure to be big or consolidate after the merger of the worldÂs largest and second-largest steel producers.