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.....
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.