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Severstal

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  • 25.06.2006 – 23:41

    SeverStal : A Company Statement

    Luxembourg (ots/PRNewswire) - Since we signed our merger agreement with Arcelor on May 26th, we have proceeded in good faith with our partners to provide a compelling value proposition to shareholders. In response to feedback from investors, we have also substantially improved the merger terms. We have a legal, binding merger agreement that the board of Arcelor entered into. It has unanimously supported it to date, consistently affirming the industrial logic, the ...

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  • 21.06.2006 – 00:43

    SeverStal Proposes Substantially Improved Merger Terms To Arcelor

    New York (ots/PRNewswire) - - Mordashov to reduce his equity stake to 25% from 32% - EUR2 billion improvement to Arcelor shareholders - Removal of Strategic Committee - No intention to increase stake above 33% without a full tender offer - Information memorandum posted on SeverStal website SeverStal, the largest Russian steel company, announced today that it has proposed to the Board of ...

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  • 30.05.2006 – 21:50

    Statement From Severstal

    Moscow (ots/PRNewswire) - Alexei Mordashov does not intend to increase his stake in Arcelor above 32%. Only if Arcelor shareholders decide to carry out the buy-back of shares by Arcelor (OPRA) (Alexei Mordashov will not take part in the decision and in the tendering of shares so that all the money, distributed during the buy-back, would entirely go to existing Arcelor shareholders) his stake might reach approximately 38%. Mr. Mordashov has no plans to increase his ...

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