Stelco Holdings Inc T.STLC

Alternate Symbol(s): STZHF

Steel Steel

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.

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Stelco Holdings Inc > Preliminary Results of its Substantial Issuer Bid

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Post by Betteryear2on Jan 27, 2022 7:50am

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Post# 34365757

Preliminary Results of its Substantial Issuer Bid

HAMILTON, ON, Jan. 27, 2022 /CNW/ - Stelco Holdings Inc. (TSX: STLC) ("Stelco" or the "Company") announced today the preliminary results of its "modified Dutch auction" substantial issuer bid (the "Offer"). Pursuant to the Offer, the Company offered to purchase up to $250,000,000 in value of its outstanding common shares (the "Shares") from holders of Shares (the "Shareholders") for cash. The Offer expired at 11:59 p.m. (Toronto time) on January 26, 2022.