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Stelco Holdings Inc STZHF


Primary Symbol: T.STLC

Stelco Holdings Inc. is a Canada-based integrated and independent steelmaker with advanced integrated steelmaking facilities in North America. The Company is engaged in the production and sale of steel products. The Company produces flat-rolled value-added steels, including coated, cold-rolled, and hot-rolled steel products, as well as pig iron and metallurgical coke. It also provides gauge, crown, and shape control, as well as uniform through-coil mechanical properties. The Company’s steel products are supplied to customers in the steel service center, construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States. It operates from two facilities: Lake Erie Works (LEW) near Nanticoke, Ontario and Hamilton Works (HW) in Hamilton, Ontario.


TSX:STLC - Post by User

Comment by sunshine7on Jan 27, 2022 9:27am
107 Views
Post# 34366066

RE:Preliminary Results of its Substantial Issuer Bid

RE:Preliminary Results of its Substantial Issuer Bid"Based on the preliminary count by Computershare Investor Services Inc., as depositary for the Offer, the Company expects to take up and pay for approximately 4,441,023 Shares at a price of $37.00 per Share under the Offer, representing an aggregate purchase price of approximately $164,317,851 and 5.7% of the total number of the Company's issued and outstanding Shares before giving effect to the Offer."

Wow. Looks like a hold for most at $37+? This was a 10% premium to market!
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