27
Jul
21:20
Stelco to purchase 30m outstanding shares
Canadian flat-rolled steelmaker Stelco plans to purchase up to 30 million of its outstanding shares at a maximum offering price of CAD 1.05 billion ($818.5m), Kallanish learns from a company update.
According to Stelco, the intent of this latest offering is to increase the company's liquidity, as well as increase the amount of cash on-hand. The company's offer price represents approximately 8.6% of Stelco's stock value for the purchase of mor…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous