Stainless steel merger will be completed by year’s end: TK
May 15, 2012 | 01:02 PM
| Thorsten Schier
Tags
ThyssenKrupp,
Inoxum,
stainless,
Outokumpu,
Calvert,
Thorsten Schier
NEW YORK — ThyssenKrupp AG expects the merger between its stainless unit, Inoxum, and Finnish stainless steel producer Outokumpu Oyj to be completed by the end of the year.
Outokumpu recently completed a €1-billion ($1.28-billion) rights issue, which is "a further milestone in the transaction," the German steelmaker said in its earnings report for the first half of its....
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