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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