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Article: Lone Star Technologies Announce Approval and Completion of U. S. Steel Transaction.

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PR Newswire
Article date:
June 14, 2007
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DALLAS, June 14 /PRNewswire-FirstCall/ -- Lone Star Technologies, Inc. announced today that at Lone Star's Special Meeting of Shareholders held today, Lone Star shareholders approved the adoption of the merger agreement with United States Steel Corporation . The transaction was approved by more than 73% of the shares outstanding and more than 99% of the shares voting on the proposal. Immediately following the shareholder approval the necessary documents were filed with the State of Delaware and Lone Star is now a wholly owned subsidiary of U. S. Steel.

Lone Star shareholders will receive $67.50 in cash for each issued and outstanding share of Lone Star. U. S. …

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