Severstal Challenges Essar's Acquisition of Esmark

June 2008
Metal Center News;Jun2008, Vol. 48 Issue 7, p83
Trade Publication
The article reports on Severstal's bid to purchase Esmark Inc. following a rejection of the latter's plan to sell the company to Essar Steel Ltd. in the U.S. Severstal offered to acquire all of Esmark's outstanding shares for $17 per share. It believes that it is in the best position to increase Esmark's assets by creating complementary product lines, geographical alignment and operational synergies.


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