The Company had announced on March 3, 2006 that its board of directors had authorized the filing of a delisting application. As disclosed on previous occasions, there is insufficient value in the Company under the approved restructuring plan to provide recovery for the current common shareholders. As a result, the existing common shares will be eliminated on plan implementation with no value being attributed to them.
Stelco confirms delisting of common shares
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Will the old shares have any value after the new common share will begin trading on April 03 2006
the existing common shares will be eliminated with no value being attributed to them.