Severstal enters into merger agreement to acquire Esmark

摘要

International metals and mining company OAO Severstal has entered into a definitive merger agreement to acquire Esmark Inc., a manufacturer and distributor of flat rolled and other steel products. Under the terms of the merger agreement, Severstal will increase the purchase price in its previously announced tender offer for Esmark common shares to 19.25 dollars per share in cash, and Esmark's directors will recommend that shareholders tender their shares to Severstal.