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Russian metals and mining company OAO Severstal announced Wednesday it has an agreement to buy West Virginia-based Esmark Inc. for $19.25 per share. Including the assumption of debt and loans, that puts the value of the deal at $1.25 billion.
Russian metals and mining company OAO Severstal says it has an agreement to buy West Virginia-based Esmark Inc. for $19.25 per share.
Russian metals and mining company OAO Severstal offered Tuesday to buy Esmark Inc. for $17 per share in cash, claiming it has the critical support of the United Steelworkers union.
Steelmaker and distributor Esmark Inc. says it has accepted a cash buyout offer valued at about $669 million from India's Essar Steel Holdings Ltd.
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