Posted in | News | Ferrous Alloys and Metals | Iron and Steel

Regulators Approve Purchase of Stelco by US Steel

Oct 31 2007

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Stelco Inc. ("Stelco" or the "Corporation") today announced that it has been advised that United States Steel Corporation has received all regulatory approvals required to complete the arrangement (the "Arrangement") of Stelco under section 192 of the Canada Business Corporations Act involving the acquisition by an indirect wholly-owned subsidiary of United States Steel Corporation of all of the common shares of Stelco. The completion of the Arrangement remains subject to the approval of the Ontario Superior Court of Justice at a hearing scheduled for October 30, 2007 and the satisfaction of certain other conditions described in the management proxy circular dated September 24, 2007 that was mailed to shareholders of Stelco and is available on SEDAR at www.sedar.com. Subject to the satisfaction of such conditions, it is anticipated that the Arrangement will be completed on or about October 31, 2007.

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