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Article: Mechel Announces Price Range for Placement of Preferred Shares.
- Article from:
- PR Newswire Europe
- Article date:
- July 16, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. 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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MOSCOW, July 16 /PRNewswire/ --
- NOT FOR DISTRIBUTION IN THE U.S., CANADA, JAPAN, AUSTRALIA, RUSSIA OR GERMANY
Mechel OAO ("Mechel" or the "Company"), one of the leading Russian mining and metals companies, today announced the price range for its previously announced public offering in Russia of newly issued preferred shares and a private placement in certain other countries of preferred shares and global depositary receipts ("GDRs")(the "Offering"). The estimated price range for the preferred shares and GDRs is US$50.50 to US$60.50 per offered share, with one GDR representing an interest in one preferred share.
Mechel has listed its preferred ...