U.S. Steel to buy Stelco for $1.1 billion
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TORONTO/NEW YORK  - U.S. Steel Corp  agreed to acquire Stelco Inc  for $1.1 billion, bagging the last big Canadian-owned steelmaker and strengthening its position in flat-rolled steel products in North America.
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U.S. Steel Corp  is to acquire  Stelco Inc  for about $1.1 billion to strengthen its  position as a supplier of flat-rolled steel products in North  America, the companies said.
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Chaparral Steel has accepted a $4.22 billion takeover offer from Gerdau Ameristeel in the latest consolidation move in the steel industry.
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A privately-owned Dutch steel-maker led by billionaire Lakshmi Mittal is consolidating its steel holdings and is buying U.S.-based International Steel Group Inc.
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Japanese auto parts maker Asahi Tec Corp.   5606.T said on Friday its board will decide on the   acquisition of U.S. rival Metaldyne Corp. later in the day, in   a deal worth about $1.3 billion.
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A privately owned Dutch company is buying International Steel Group -- the operator of the Sparrows Point plant near Baltimore.
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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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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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LONDON/MUMBAI  - Brazilian steelmaker CSN has agreed to buy Anglo-Dutch rival Corus Group for 4.9 billion pounds ($9.6 billion) in cash, trumping an offer agreed only hours earlier with India's Tata Steel.
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Stelco Inc., a Canadian steelmaker, was granted an extension of its bankruptcy protection by an Ontario court to finish the process of selling its operations or raising enough money to make the company viable.
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Cytec Industries Inc., a US maker of materials for the aerospace and car industries, agreed to buy the chemicals business of UCB SA, Belgium&#39;s largest drugmaker, for 1.5 billion euros ($1.
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Stelco Inc. STEa.TO has lost a  contract to supply steel to its biggest customer General Motors  Corp. GM.N, the company said on Monday, after the insolvent  Canadian steelmaker failed to strike a deal with its workers.
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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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Stelco, Canadaâs last domestically owned steel maker, said it was in early talks that might lead to its sale.
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A GERMAN BANK&#39;S $900-million offer to refinance Stelco Inc. was approved yesterday as the benchmark bid for the restructuring Hamilton steelmaker by a judge, who challenged others to step up and prove
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Defense contractor Lockheed Martin Corp. on Monday said it agreed to buy Stasys Ltd., a Britain-based technology and consulting firm specializing in network communications and defense interoperability.
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Toll Holdings Ltd.'s  Pacific National unit has won a A$1 billion ($780 million), seven-year contract to transport steel for Bluescope Steel Ltd.  and OneSteel Ltd. , sending Toll's shares up 2.5 percent.