Business
Stelco announces results of shareholder vote on its acquisition by U.S. Steel
Stelco announces results of shareholder vote on its acquisition by U.S. Steel.
About this update from Starr Peak Mining Ltd
[{"type":"text","content":"\n\n\n\nHAMILTON, ON, Oct. 26 /CNW/ - Stelco Inc. ("Stelco" or the "Corporation")\n(TSX: STE) today announced that, at the special meeting of shareholders held\nearlier today, the shareholders of Stelco overwhelmingly approved the\narrangement (the "Arrangement") of the Corporation under section 192 of the\nCanada Business Corporations Act involving the acquisition by an indirect\nwholly-owned subsidiary of United States Steel Corporation of all of the\ncommon shares of Stelco. The Arrangement was approved by approximately 99.99%\nof the votes cast at the special meeting. Subject to the satisfaction of the\nremaining conditions to the Arrangement, including the final order of the\nCourt at the hearing scheduled for October 30, 2007, it is anticipated that\nthe completion of the Arrangement will occur on or about October 31, 2007.\n\n\nAbout Stelco\n\n\nStelco is one of Canada's largest steel companies. It is focused on its\ntwo Ontario-based integrated steel businesses located in Hamilton and in\nNanticoke. These operations produce high quality value-added hot rolled, cold\nrolled, coated sheet and bar products. To learn more about Stelco and its\nbusinesses, please refer to our web site at www.stelco.ca.\n\n\nCautionary Statement with Respect to Forward-Looking Statements\n\n\nCertain statements included herein constitute "forward-looking\nstatements". All statements, other than statements of historical fact,\nincluded in this release that address future activities, events, developments\nor financial performance, are forward-looking statements. These\nforward-looking statements can be identified by the use of forward-looking\nwords such as "may", "should", "will", "could", "expect", "intend", "plan",\n"estimate", "anticipate", "believe", "future" or "continue" or the negative\nthereof or similar variations. The forward-looking statements are based on\ncertain assumptions and analyses made by Stelco and its management in light of\ntheir experiences and their perception of historical trends, current\nconditions and expected future developments, as well as other factors they\nbelieve are appropriate in the circumstances. Stelco believes the following\nfactors could cause ac...