International Business News - ESMK http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Wheeling-Pittsburgh Steel's new owner has made good on an old $6.5 million debt to the state of West Virginia. West Virginia Economic Development Authority executive director David Warner said Monday that Russia's OAO Severstal paid the state $7.1 million in principal and interest earlier this month. http://www.ibtimes.com/articles/20080908/new-owner-pays-w-va-6-5m-for-wheeling-pitt-debt.htm Mon, 08 Sep 2008 15:12:54 EDT Shares of steel producers rose Wednesday, a day after Nucor Corp. announced two scrap metal acquisitions, a move that will reduce the company's need to go to the open market to obtain increasingly expensive scrap. http://www.ibtimes.com/articles/20080806/sector-snap-steel-makers-up-after-acquisitions.htm Wed, 06 Aug 2008 11:49:13 EDT Russia's OAO Severstal has completed its acquisition of Esmark Inc. for $760 million plus the assumption of debt and loans. Esmark announced the deal's completion Tuesday morning. Severstal's assumption of debt and loans puts the deal's total value at $1.25 billion. http://www.ibtimes.com/articles/20080805/russian-steelmaker-completes-esmark-acquisition.htm Tue, 05 Aug 2008 06:58:54 EDT West Virginia-based Esmark Inc. has agreed to a $1.25 billion takeover by Russia's OAO Severstal. Here's a look at the assets of both companies, based on securities filings and the companies' Web sites. http://www.ibtimes.com/articles/20080626/a-look-at-assets-of-severstal-esmark.htm Thu, 26 Jun 2008 15:42:58 EDT Steelmaker and distributor Esmark Inc. has an attractive assortment of plants and equipment with unrealized potential, but Russian metals and mining company OAO Severstal said Thursday it plans to change that with a $250 million, five-year capital investment. http://www.ibtimes.com/articles/20080626/severstal-esmark-assets-have-untapped-potential.htm Thu, 26 Jun 2008 17:14:33 EDT Russian metals and mining company OAO Severstal announced Wednesday it has an agreement to buy West Virginia-based Esmark Inc. for $19.25 per share. Including the assumption of debt and loans, that puts the value of the deal at $1.25 billion. http://www.ibtimes.com/articles/20080625/esmark-bails-on-essar-agrees-to-severstal-buyout.htm Wed, 25 Jun 2008 17:46:17 EDT Russian metals and mining company OAO Severstal says it has an agreement to buy West Virginia-based Esmark Inc. for $19.25 per share. Including the assumption of debt, that puts the value of the deal at $1.25 billion. http://www.ibtimes.com/articles/20080625/esmark-bails-on-essar-agrees-to-severstal-buyout.htm Wed, 25 Jun 2008 17:03:28 EDT Esmark says it will be acquired by OAO SeverStal for about $1.25 billion, including debt. Esmark Inc. shareholders will receive about $19.25 per share under the tender offer. The sale price represents a discount of 6 percent from Wednesday's closing price of $20.47. http://www.ibtimes.com/articles/20080625/esmark-to-be-sold-to-oao-severstal-for-1-25b.htm Wed, 25 Jun 2008 16:44:08 EDT Russia's OAO Severstal is stepping up its sales pitch for Esmark Inc., urging CEO James Bouchard to reconsider a bid from India's Essar Steel Holdings. http://www.ibtimes.com/articles/20080619/russias-severstal-intensifies-campaign-for-esmark.htm Thu, 19 Jun 2008 16:55:50 EDT The United Steelworkers is heading into arbitration Wednesday with Esmark Inc. to try to resolve a dispute over the sale of the company. A decision is expected by Saturday. http://www.ibtimes.com/articles/20080618/esmark-usw-take-dispute-over-sale-to-arbitration.htm Wed, 18 Jun 2008 12:01:55 EDT Russian steelmaker OAO Severstal says it's disappointed in Esmark Inc.'s tactic in handling competing takeover bids, saying the move tips the scales to an India-based steel producer. http://www.ibtimes.com/articles/20080617/russian-steelmaker-disappointed-in-esmarks-tactic.htm Tue, 17 Jun 2008 13:14:05 EDT Among the earnings projection stories for Thursday, June 12, from AP Financial News: FORT WAYNE, Ind. (AP)--Steel producer Steel Dynamics Inc. on Thursday raised its second-quarter guidance, citing improving market conditions. http://www.ibtimes.com/articles/20080612/outlook-roundup-steel-dynamics-esmark.htm Thu, 12 Jun 2008 18:14:39 EDT Steel producer Esmark Inc. on Thursday forecast it would move to a profit in the second quarter, and said it is now current in its filings and won't face delisting from the Nasdaq. http://www.ibtimes.com/articles/20080612/esmark-sees-turning-a-profit-in-2nd-quarter.htm Thu, 12 Jun 2008 16:54:47 EDT Steel producer and distributor Esmark Inc. rejected a $670 million takeover offer from Russia's OAO Severstal on Thursday, calling it an inadequate and inferior bid. http://www.ibtimes.com/articles/20080612/esmark-rejects-russians-takeover-offer.htm Thu, 12 Jun 2008 17:28:55 EDT India's Essar Steel Holdings Ltd. raised its offer for Esmark Inc. by $80 million to $19 per share Wednesday, putting the value of the deal at approximately $750 million. http://www.ibtimes.com/articles/20080611/indias-essar-raises-bid-for-esmark-by-80m.htm Wed, 11 Jun 2008 18:03:07 EDT Among the earnings stories for Tuesday, June 10, from AP Financial News: MARTINSVILLE, Va. (AP)--Hooker Furniture Corp. on Tuesday reported fiscal first-quarter income and revenue slipped from the year-ago period amid a difficult retail environment. http://www.ibtimes.com/articles/20080610/earnings-roundup-hooker-furniture-oxford.htm Tue, 10 Jun 2008 18:22:03 EDT Esmark Inc. officials say the struggling steelmaker and distributor should turn profitable in the second quarter. The expected return to positive net income demonstrates Esmark's restructuring efforts are working, Chief Executive Jim Bouchard said during a conference call Tuesday. http://www.ibtimes.com/articles/20080610/esmark-officials-predict-2nd-quarter-swing-to-profitability.htm Tue, 10 Jun 2008 16:03:08 EDT India's Essar Steel Holdings Ltd. said Friday it is considering increasing its $17-per-share bid for steelmaker and distributor Esmark Inc. Essar said it would consider making an increased offer for Esmark after obtaining more information from the Wheeling, W.Va.-based company. http://www.ibtimes.com/articles/20080606/essar-steel-considers-raising-bid-for-esmark.htm Fri, 06 Jun 2008 11:26:09 EDT Steelmaker and distributor Esmark Inc. is asking stockholders to wait until mid-June before agreeing to sell shares to Russian metals and mining company OAO Severstal. http://www.ibtimes.com/articles/20080530/severstal-starts-tender-offer-for-esmark.htm Fri, 30 May 2008 17:58:53 EDT Steelmaker and distributor Esmark Inc. is asking stockholders to wait until mid-June before agreeing to sell shares to Russian metals and mining company OAO Severstal. http://www.ibtimes.com/articles/20080530/severstal-begins-tender-offer-for-esmark.htm Fri, 30 May 2008 17:55:22 EDT