TK in talks with Steel Americas bidder
Aug 13, 2013 | 06:37 PM
| Catherine Ngai
NEW YORK ThyssenKrupp AG is in "advanced" negotiations with a leading bidder for its Steel Americas unit, the steelmakers top executive said Aug. 13 as the company logged another quarter in the red due to sluggish economic growth and a subdued steel market.
"As we have clearly stated, were not just talking to one guy. Were entertaining discussions with a number of parties as well," chairman and chief executive officer Heinrich Hiesinger said during the companys fiscal third-quarter earnings conference call. "Whats clearly important for us is that we keep track of the interest of the company ... and diligence in this project and not do a fire sale. Weve always said were not in a fire sale."....
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