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

US Steel and Lone Star Technologies Merger Set to Complete in Q2 2007

May 14 2007

United States Steel Corporation and Lone Star Technologies, Inc. announced today that they received notice from the Federal Trade Commission of early termination of the Hart-Scott-Rodino waiting period on May 10, 2007 in connection with the previously announced merger pursuant to which Lone Star would be acquired by U. S. Steel for a cash consideration of $67.50 per share. Completion of the merger is subject to the approval of Lone Star's shareholders and customary closing conditions. Both companies expect the transaction to close during the second quarter of 2007.

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