Insider bid made for troubled Yalian Steel
Dec 31, 2012 | 02:39 PM
| Michael Cowden
PITTSBURGH Yalian Steel Corp. chairman Xin Duo Yu plans to take over the company as the steel line pipe maker grapples with a lack of orders and high debt.
The Vancouver, British Columbia-based company, which operates a longitudinal submerged-arc-welded (LSAW) pipe mill in China, said that Yalians board had unanimously approved the "friendly insider bid."....
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