$7.7 billion for Ipsco Who’d have figured it would be the Swedes?
Jul 01, 2007 | 02:37 PM
Svenskt Stal AB, Stockholm, Sweden, plans to acquire Ipsco Inc., Lisle, Ill., for $7.7 billion, marking the largest of several consolidation moves in the steel industry in recent months.
The announcement ended widespread speculation about who was pursuing Ipsco and stands as an example of the sea change occurring in the current consolidation wave. In the first wave, which broke in the early part of the decade, bankrupt steel companies were available literally for pennies on the dollar. Today, after nearly three....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.