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Bullboard - Stock Discussion Forum Stelco Holdings Inc T.STLC

Alternate Symbol(s):  STZHF

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... see more

TSX:STLC - Post Discussion

Stelco Holdings Inc > Share Offer
View:
Post by Stocker46 on Oct 28, 2022 9:29am

Share Offer

The takers only amount to a little over 8 M shares .. or about 27.4% of the 30 Million offer. Not surprising.
Amounts to about a 13% reduction to the current share count.

It will be interesting to see how the market reacts .. and what their 3rd Q financials look like.
Comment by Eastbank on Oct 28, 2022 10:22am
Surprised that many shares were tendered, given the tax consequences!