Business
Dofasco acquisition continues
Dofasco acquisition continues.
About this update from Playgon Games, Inc.
[{"type":"text","content":"\n\n\n\n\nHAMILTON, ON, Jan. 27 /CNW/ - Dofasco Inc. advised today that,\nnotwithstanding the announcement by Mittal Steel of an unsolicited bid for\nArcelor SA, Arcelor is committed to pursuing its acquisition of Dofasco at a\nprice of Cdn. $71 cash per share pursuant to its obligations under the Support\nAgreement between Arcelor and Dofasco. The transaction remains subject to\nregulatory approvals, which Arcelor has indicated it is proceeding to obtain\nin the usual manner. Dofasco's Board of Directors has no reason to believe\nthat the acquisition will not close in the ordinary course.\nThe Support Agreement between Dofasco and Arcelor has been posted on the\nDofasco website (www.dofasco.ca) and has been filed on SEDAR (www.sedar.com).\n\nDofasco is a leading North American steel solutions provider. Product\nlines include hot rolled, cold rolled, galvanized, Extragal(TM), Galvalume(TM)\nand tinplate flat rolled steels, as well as tubular products, laser-welded\nblanks and Zyplex(TM), a proprietary laminate. Dofasco's wide range of steel\nproducts is sold to customers in the automotive, construction, energy,\nmanufacturing, pipe and tube, appliance, packaging and steel distribution\nindustries.\n\nThis News Release contains forward-looking information with respect to\nDofasco's operations and future financial results. Actual results may differ\nfrom expected results for a variety of reasons including the factors discussed\nin the Management's Discussion and Analysis section of Dofasco's 2004 Annual\nReport and the Quarterly Reports to Shareholders for the periods ended March\n31, 2005, June 30, 2005 and September 30, 2005.\n\n\n","length":1703,"tagName":"div"}]