(Reuters) - TORONTO, June 11 - Shareholders of Algoma Steel
approved the C$1.85 billion sale of
the company to Essar Steel Holdings Ltd. of India at
a special meeting on Monday.
The deal, which received more than 80 percent approval from
shareholders, clears the way for the subsidiary of Essar Global
to buy all Algoma's outstanding shares for C$56.00 each.
Read more at Reuters.com Mergers News
approved the C$1.85 billion sale of
the company to Essar Steel Holdings Ltd. of India at
a special meeting on Monday.
The deal, which received more than 80 percent approval from
shareholders, clears the way for the subsidiary of Essar Global
to buy all Algoma's outstanding shares for C$56.00 each.
Read more at Reuters.com Mergers News
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