Stelco considers sale of entire company

Article Abstract:

Stelco Inc. executives are looking forward at selling the entire company as one of five choices for raising money and emerging from creditor protection. The other four options for raising money are a new equity offering, sales of non-core assets, including subsidiaries, joint ventures and taking on new debt, potentially in combination with an equity sale.

---

Deutsche Bank's takeover bid for Stelco gets court's approval

Article Abstract:

The $900-million Deutsche Bank AG plan to recapitalize Stelco Inc. is approved by the Ontario Superior Court, making way for the legally insolvent steel maker. Mr. Justice James Farley warned that any potential buyer would have to address Stelco's pension shortfall of almost $1-billion.

Commercial Banks, Germany, Banking industry, Deutsche Bank AG (Frankfurt, Germany), DB

---

Stelco nears deal to sell 3 units to Mittal

Article Abstract:

The plans of Stelco Inc., to sell its subsidiaries Stelwire Ltd., Stelfil Ltee and Norambar Inc. to Mittal Steel Company NV, are examined.

Netherlands, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Subsidiaries, divisions and units, Mittal Steel Company N.V.

Similar abstracts:

• Abstracts: Funds could end careers here, too. Bank of America takes on Biovail
• Abstracts: Stelco talks hit an impasse. Stelco investors told their stock now worthless. Stelco, union reach truce over plans
• Abstracts: DodgeEs bold rate move draws fire. Central bank's rate hike leave very small footprint. Central bank opens door to rate hike
• Abstracts: Bureaucrats the generals in Falconbridge battle. Falconbridge becomes quarry for takeover after Xstrata deal
• Abstracts: Middleman Now Rich Man in Real Estate Boom. How to Prepare for One Really Quick Getaway. The 6 Percent Solution: Skip Real Estate Agents

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.