Evraz-Oregon Steel deal raising questions in DC

Dec 12, 2006 | 10:24 AM | Martyn Chase

Shaky financing, federal regulatory concerns and possible direct ties to the Russian government could derail the pending $2.3-billion bid by Russia's Evraz Group SA for Oregon Steel Mills Inc., according to sources in Washington.

The takeover attempt by Evraz, controlled by oligarch Roman Abramovich, would be the largest acquisition ever by a Russian company in the United States.

The offer, currently being reviewed by the Justice Department, the Securities and Exchange Commission, the Committee on Foreign Investment in the United States (CFUIS) and possibly other agencies, is scheduled to expire Dec. 28, although it could be extended at least another month beyond that date.....

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