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.

 

 
 


Show commenting policy

Most-Read Stories

  1. Ex-Penguins defenseman Niskanen still miffed by coaches’ firings
  2. Starkey: Chryst a miserable failure at Pitt
  3. Pouliot scores in NHL debut as Penguins tame Panthers
  4. Steelers’ Bell, Chiefs’ Charles elevating running back position in NFL
  5. Pitt players support Rudolph for job
  6. South Fayette football team distributes Steelers tickets to Carlynton, Wilkinsburg
  7. Pitt football fights to overcome steppingstone status
  8. Penn State wins 2nd straight women’s volleyball title
  9. Minor league report: Other prospects on Penguins’ radar
  10. Pair of NYC officers killed in ambush shooting
  11. Chiefs game-plan play that suits speedy rookie Thomas’ talents
Subscribe today! Click here for our subscription offers.