Stelco Holdings Inc T.STLC

Primary Symbol: 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. It produces flat-rolled value-added steels, including coated, cold-rolled and hot-rolled steel products, as well as pig iron and metallurgical coke. With its gauge, crown, and shape control, as well as uniform through-coil mechanical properties, the Company’s steel products are supplied to customers in the construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States as well as to a variety of steel service centers, which are distributors of steel products. The Company 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 > Issuer Bid

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Comment by thetis88on Dec 30, 2021 7:32pm

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Post# 34272570

RE:RE:Issuer Bid

Read the small print

The agreement says that Bedrock can only sell their shares during the lock up period if they get prior written consent from the Board of Directors of Stelco.
Since I am speculating that the Dutch Auction is solely for the purpose of buying Bedrock's shares, then it follows that the Board would have already given Bedrock consent in writing to sell.

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