NS Group’s top executives fly coop as Ipsco completes takeover

Dec 04, 2006 | 02:50 PM | Sam Kusic

Plate and tube maker Ipsco Inc., Lisle, Ill., has completed its acquisition of NS Group Inc. after NS Group's shareholders voted overwhelmingly in favor of the deal Friday.

As a result, NS Group's top executives have departed the company, although some will serve in consulting roles during the transition, Ipsco said. A total of about $16.4 million will be paid out to the senior leaders, according to a filing....





Latest Pricing Trends

Poll

Do you think steel mills will succeed in their efforts to stop selling at a discount to the CRU index?

Yes
No
It’s too early to tell


View previous results

AMM Events