Post by
metalmaniak on Oct 22, 2009 3:07pm
Severstal will sell or IPO
as was mentioned today in Moscow. 1 H of 2010.
It is pretty obvious that they want to sell the whole division to one party and in order to do that, they will need to consolidate HRG into Severstal. they failed at .30, and now they will have to pay North of 1 dollar or miss out of a golden opportunity and miss out of billions. Not even they are that stupid or greedy. There are just too may strong parties involved with too much cash in the monority pool of shareholders. It shall be done. I have purchased more today.
Look for a VERY improved takeover price that may just pass if they play it smart and pay a decent price.