Tag: Dofasco
Merger stops Dofasco going to ThyssenKrupp
Arcelor's plan to purchase Severstal would keep ThyssenKrupp from buying one of Arcelor's units Canadian Dofasco Inc. as planned by Mittal Steel and leave it with only smaller targets for an acquisition as the steel industry consolidates.
Schulz stands firm on Dofasco contract with Mittal
Reuters has reported that ThyssenKrupp's CEO Mr Ekkehard Schulz said on 20 May 2006 that Mittal Steel is contractually obliged to offer German steelmaker ThyssenKrupp an alternative to Canada's Dofasco.
Arcelor says it still has options
Arcelor's chairman Mr Joseph Kinsch told the 22 April edition of De Tijd newspaper that it has not used up all its options in its defense against an unsolicited takeover offer from Mittal Steel.
ThyssenKrupp still eying Dofasco
German steelmaker ThyssenKrupp AG is reconsidering its proposed acquisition of Canadian steel company Dofasco Inc. as part of a new corporate strategy, a board member said 1 March 2006.
Arcelor receives final approval to acquire Dofasco
Arcelor SA has announced that it has received the approval of the Canadian regulatory authorities with respect to its offer to acquire all of the outstanding common shares of Dofasco Inc.
Department of Justice to probe Mittal bid
The antitrust division of the US Department of Justice, has apparently initiated an investigation of Mittal Steel’s USD 23 billion hostile bid for Luxembourg-based Arcelor.
Arcelor increases Dofasco offer
Arcelor SA announced on 30 January that the Notice of Variation and Extension increasing Arcelor’s offer for Dofasco to CAD 71.00 was being mailed that day to Dofasco shareholders.
Dofasco acquisition continues
Dofasco Inc. has advised that, notwithstanding Mittal Steel offer to buy Arcelor, Arcelor is committed to pursuing its acquisition of Dofasco at a price of CAD 71 cash per share pursuant to its obligations under the Support Agreement between Arcelor and Dofasco.
ThyssenKrupp agreement with Mittal Steel on Dofasc
The Executive Board of ThyssenKrupp AG has announced that ThyssenKrupp has signed an agreement with Mittal Steel Co. Ltd. Under this agreement, Mittal Steel offers ThyssenKrupp AG the opportunity to acquire Dofasco in the event of a takeover of Arcelor.
Dofasco and Arcelor agree take-over
Dofasco and Arcelor have announced they have signed an agreement for Arcelor to make a revised all-cash offer to acquire all of Dofasco’s outstanding common shares for CAD 71.00 per common share.