Business
Dofasco responds to revised ThyssenKrupp offer
Dofasco responds to revised ThyssenKrupp offer.
About this update from Playgon Games, Inc.
[{"type":"text","content":"\n\n\n\n\nHAMILTON, ON, Jan. 3 /CNW/ - Dofasco Inc. acknowledged today the\nannouncement by ThyssenKrupp AG of a revised offer for all of Dofasco's common\nshares at an increased price of $63 per share, matching the offer price\nannounced by Arcelor S.A. on December 23, 2005.\n\"The Special Committee of Dofasco's Board of Directors is continuing to\nsupport the ThyssenKrupp offer in its recommendation to Dofasco shareholders\nprimarily on the basis that it is less conditional than the Arcelor offer,\nwhile offering the same cash price to shareholders,\" said Brian MacNeill,\nChair.\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\nMarch 31, 2005, June 30, 2005 and September 30, 2005.\n\n\n\n","length":1542,"tagName":"div"}]