A trimmer ThyssenKrupp seeks fat deal

Article Abstract:

ThyssenKrupp AG of Germany has bid 3.5 billion Euros ($4.1 billion) for Dofasco Inc. of Canada. The steelmaker over the past three years has divested 29 companies, helping to bring it out of 8.7 billion Euros in debt. With a 1 billion Euros net profit this year (ending September 30th) ThyssenKrupp AG is looking to consolidate.

Canada, Acquisitions & mergers, Mergers, acquisitions and divestments, Company acquisition/merger, Company Profile, Dofasco Inc.

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ThyssenKrupp's net rises 28%

Article Abstract:

A high demand for steel that pushed prices to record levels has led to a rise in third-quarter net income at German steelmaker ThyssenKrupp AG. Though the increase in demand has r esulted in h igh freight and raw material costs, the company has raised its forecast for full-year profits.

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Severstal profit falls 30%: asset write-down hurts bottom line; outlook is positive

Article Abstract:

Russian steel company wrote down its asset value by $300 mil and suffered a 30% drop in full-year net profit. Revenue, however, rose to $12.4 bil from $10.4 bil the year before, a 19% increase. Demand is anticipated to improve the bottom line for 2007.

Russia, OAO Severstal, Financial report

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