Stelco Inc., Hamilton, Ontario, confirmed that, at the company's request, its common shares were delisted from the Toronto Stock Exchange as at the close of trading March 10. The company had announced a week earlier that its board of directors had authorized filing a delisting application. As disclosed previously, there is insufficient value in the company under the approved restructuring plan to provide recovery for current common shareholders. As a result, the existing common shares will be eliminated upon implementation of the plan, with no value being attributed to them.
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