Stelco confirms delisting of common shares

Stelco Inc.
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.

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2 Responses to Stelco confirms delisting of common shares

  1. Anonymous says:

    Will the old shares have any value after the new common share will begin trading on April 03 2006

  2. Michael says:

    No.

    the existing common shares will be eliminated with no value being attributed to them.

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