Arcelor raises bid to $4.2 billion for Canadian steelmaker Dofasco

Article Abstract:

Arcelor S.A. of France announced a rival bid to ThyssenKrupp AG of Germany for Dofasco Inc. of Canada. The French steelmaker has offered $63 Canadian Dollars per share or $4.2 billion United States Dollars trumping ThyssenKrupp AG's offer of $61.50 Canadian Dollars. Analysts forecast further consolidation in internationl steel.

France, Arcelor S.A.

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Dofasco attracts bid of $4.1 billion by ThyssenKrupp

Article Abstract:

ThyssenKrupp AG of Germany has bid $61.50 per share or $4.1 billion for Dofasco Inc. of Canada. The acquisition bid tops a hostile bid by rival Arcelor S.A. of France. The steel industry with two years of higher prices is pushing to consolidate and grow market share.

Germany, Industry Overview, ThyssenKrupp AG

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Arcelor clinches deal for Dofasco as Thyssen quits

Article Abstract:

Arcelor of Luxembourg has agreed to acquire Dofasco Inc. of Canada for 3.95 billion Euros ($4.86 billion). The bidding war for the steel company has ended with rival ThyssenKrupp AG of Germany pulling out of the running earlier this week.

Luxembourg, Arcelor

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