Friday, June 1, 2007

Canada's Stelco up for sale -report

(Reuters) - Toronto's Brookfield Asset Management Inc., which runs a
restructuring fund that is Stelco's largest shareholder, at
about 36 percent, and Appaloosa Management, a U.S. hedge fund
that owns 18 per cent, have let it be known that they are ready
to sell at a premium to the current market price for Stelco
stock, the Globe and Mail said.




Read more at Reuters.com Mergers News

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