TITLE

IPSCO Accepts Offer from Sweden's SSAB

PUB. DATE
June 2007
SOURCE
Metal Center News;Jun2007, Vol. 47 Issue 7, p86
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of tubular producer IPSCO Inc. by SSAB Swedish Steel Inc. in North America. Under the $7.7 billion deal, shareholders of IPSCO will be paid $160 per share. IPSCO stresses that the deal will help the company expand its products and services in the global steel market as well as cater to the demands of its customers. Also, it states that IPSCO will help SSAB boost its profits.
ACCESSION #
25551457

 

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