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January 11, 2007

$2.3B Oregon Steel buyout approved

PORTLAND (AP) — The U.S. Committee on Foreign Investment has completed its review of Evraz Group's proposed acquisition of Oregon Steel Mills and will allow the deal to move forward, Evraz said.

In November, Evraz agreed to buy Oregon Steel for $2.3 billion, or $63.25 a share in cash. The deal had to be reviewed by the federal committee charged with inspecting foreign acquisitions.


 
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