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Article: U.S. Department of Justice Approves Sale of ArcelorMittal USA's Sparrows Point Facility to E2 Acquisition Corporation.
- Article from:
- Business Wire
- Article date:
- September 5, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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$1.35 Billion Transaction Expected To Close Pending Approval By Court Trustee
CHICAGO & WHEELING, W.Va. -- Esmark, Wheeling-Pittsburgh Corporation, and E2 Acquisition Corporation (E2) jointly announced today that the United States Department of Justice has approved the acquisition by E2 of the Sparrows Point mill from ArcelorMittal USA. The purchase price was confirmed at $1.35 billion. The transaction is expected to close at the earliest possible date, subject to oversight and approval by the recently appointed court trustee.
ArcelorMittal's Sparrows Point facility is a former Bethlehem Steel fully integrated steel-making facility capable of producing ...