Category Archives: Dofasco

Metinvest says mulling purchase of Stelco

At the beginning of June, Stelco said they were looking for a buyer. Late last week, this hit the news, but I didn’t get around to reporting it until this week. Ukraine’s Metinvest confirmed on Friday that it is considering … Continue reading

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Canadian Steel Maker Looks for Buyer

This would be the end of an era for Stelco. Friends of my family worked at Stelco going back to the ’60s. NY Times Stelco, Canada’s last domestically owned steel maker, said Friday that it was in early talks that … Continue reading

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Sale of Canadian steel group Dofasco hits obstacle

Yahoo! News A plan by Arcelor Mittal to sell Canadian steel producer Dofasco to ThyssenKrupp of Germany has hit a stumbling block, the world’s biggest steel group has said. Seems there’s a poison pill in place.

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ThyssenKrupp Agrees to Buy Dofasco for C$5.26 Bln

It’s Deja Vue all over again. No, I didn’t post an old article from a few days ago again by mistake. This is *another* ThyssenKrupp offer to buy Dofasco, part of the Mittal Steel purchase of Arcelor … Bloomberg.comThyssenKrupp AG, … Continue reading

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Mittal bids $23 billion for Arcelor

This was enough to halt trading of Dofasco today on the Toronto Stock MarketReuters CanadaMittal Steel moved to strengthen its grip on the global steel industry with a $23 billion hostile bid for main rival Arcelor in a deal that … Continue reading

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ThyssenKrupp May Buy Other Assets After Ending Bid

It seems that ThyssenKrupp may go hunting elsewhere … Who knew that we were in the “lucrative North American market”? Bloomberg.comThyssenKrupp AG, after bowing out of the bidding for Canadian steel producer Dofasco Inc., may seek to acquire other companies … Continue reading

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Dofasco terminates deal with ThyssenKrupp

Monday: Reuters.comCanadian steelmaker Dofasco said on Monday it agreed to terminate its agreement with ThyssenKrupp after the German industrial group waived its right to raise a C$68 per share bid for Dofasco to match a higher offer. Tuesday:Arcelor agrees to … Continue reading

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Canada’s Steel Center Seeks Stelco Buyout After Dofasco Deal

Bloomberg.com: CanadaCanada’s steel hub of Hamilton, Ontario, has plenty of reasons to watch the billion-dollar takeover battle for steelmaker Dofasco Inc. Workers at Stelco Inc. hope it’s a sign their employer, heading out of bankruptcy, will be next to draw … Continue reading

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Arcelor ups bid in steel battle

CNN.comArcelor, the world’s second biggest steel maker, said on Monday it planned to raise its offer for Dofasco to 71 Canadian dollars per share, after rival bidder Germany’s ThyssenKrupp had increased its offer to C$68 to value the Canadian steel … Continue reading

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ThyssenKrupp matches bid for steel rival

MSNBC.comGermany�s ThyssenKrupp AG said Tuesday it raised its bid for the Canadian steelmaker Dofasco Inc. to $4.2 billion, matching the latest competing offer from steel rival Arcelor SA.Both bidders are now offering 63 Canadian dollars ($54.23) per share, or a … Continue reading

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