Evraz Announces Expiration of HSR Waiting Period for Acquisition of All Outstanding Shares of Claymont Steel Holdings Inc.
January 07 2008 - 9:09AM
PR Newswire (US)
LUXEMBOURG, Jan. 7 /PRNewswire/ -- Evraz Group S.A. (LSE:EVR) today
announced that the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976 (HSR) relating to its tender
offer, through its wholly owned subsidiary Titan Acquisition Sub,
Inc., to purchase all of the outstanding shares of common stock of
Claymont Steel Holdings, Inc. (NASDAQ:PLTE) has expired. The tender
offer will expire at 12:00 midnight, New York City time, on January
16, 2008, unless extended in accordance with the merger agreement
and the applicable rules and regulations of the Securities and
Exchange Commission. The offer remains subject to other customary
conditions, including the acquisition by Evraz of a majority of
Claymont Steel's shares on a fully diluted basis. For further
information: Evraz Group S.A. Irina Kibina Vice President Corporate
Affairs and Investor Relations Tel: +7 495 232 1370 Edelman, for
Evraz: John Dillard / Chris Mittendorf Tel: +1 212 704 8174 / 8134
or Evraz Group S.A. is one of the largest vertically-integrated
steel and mining businesses. In 2006, Evraz Group produced 16.1
million tonnes of crude steel. Evraz Group's principal assets
include three of the leading steel plants in Russia: Nizhny Tagil
(NTMK) in the Urals region and West Siberian (Zapsib) and
Novokuznetsk (NKMK) in Siberia, as well as Palini e Bertoli in
Italy, Evraz Vitkovice Steel in the Czech Republic, and Evraz
Oregon Steel Mills headquartered in the USA. Its fast-growing
mining businesses comprise Evrazruda, the Kachkanarsky (KGOK) and
Vysokogorsky (VGOK) iron ore mining complexes, Yuzhkuzbassugol
company and an equity interest in the Raspadskaya coal company. The
mining assets enable Evraz Group to be a vertically- integrated
steel producer. Evraz Group also owns and operates the Nakhodka
commercial sea port, in the Far East of Russia. Evraz vanadium
operations comprise Strategic Minerals Corporation, USA, and
Highveld Steel and Vanadium Corporation, South Africa. For further
information visit http://www.evraz.com/ DATASOURCE: Evraz Group
S.A. CONTACT: Irina Kibina, Vice President, Corporate Affairs and
Investor Relations of Evraz Group S.A., +7-495-232-1370, ; or John
Dillard, +1-212-704-8174, , or Chris Mittendorf, +1-212-704-8134, ,
both of Edelman, for Evraz Group S.A. Web site:
http://www.evraz.com/
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