(Bloomberg) -- Evraz Group SA, a Russian steelmaker
partly owned by billionaire Roman Abramovich, offered about $519
million to buy the shares of Highveld Steel and Vanadium Corp.
Ltd. it doesn't already own.
Evraz will pay $11.40 a share, it said today in a statement
distributed by the Regulatory News Service. Evraz currently
holds about 54 percent of Witbank, South Africa-based Highveld.
The offer for the rest of the stock is mandatory under South
African law, Evraz said. The offer is valid until 5 p.m. South
African time today.
Read more at Bloomberg Emerging Markets News
partly owned by billionaire Roman Abramovich, offered about $519
million to buy the shares of Highveld Steel and Vanadium Corp.
Ltd. it doesn't already own.
Evraz will pay $11.40 a share, it said today in a statement
distributed by the Regulatory News Service. Evraz currently
holds about 54 percent of Witbank, South Africa-based Highveld.
The offer for the rest of the stock is mandatory under South
African law, Evraz said. The offer is valid until 5 p.m. South
African time today.
Read more at Bloomberg Emerging Markets News
