TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Brazilian steelmaker bids for U.S. plants

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By Cristiane Lucchesi and Blake Schmidt C.2012 Bloomberg News
Saturday, Dec. 1, 2012, 12:01 a.m.
 

Cia. Siderurgica Nacional SA, Brazil's third-largest steelmaker by output, is offering about $3 billion to buy ThyssenKrupp AG's plants in the Americas, according to people familiar with the matter.

CSN, as the Sao Paulo-based company is known, has made the informal proposal and will participate in the final round of negotiations.

ThyssenKrupp, Germany's biggest steelmaker, first attracted about eight bids. ThyssenKrupp asked parties to resubmit their offers because initial bids were deemed too low.

ThyssenKrupp Chief Executive Officer Heinrich Hiesinger said in August he wants to sell the Americas unit for about $9.1 billion.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. Reagan shooter Hinckley closer to permanent freedom
  2. Entertainment attractions going strong in Pittsburgh Mills mall
  3. Crosby’s 2 goals lift Penguins past Rangers, even series
  4. Fights reported, shots fired outside Monroeville Mall restaurant
  5. Steelers won’t be backed into a corner at NFL Draft
  6. Crosby says Edmonton would be good spot for prospective top pick McDavid
  7. Use of multiple contractors could leave oil, gas operators open to hackers
  8. Sutter steps up for Penguins in series-tying victory
  9. Marte jump-starts Pirates in win over Brewers
  10. Starkey: Taylor’s type fading away
  11. Lawsuit: Pittsburgh Public Schools should have known officer was abusing boys