Bidding War Breaks Out for Canada's Dofasco Inc.
The bidding for Dofasco Inc., Canada's largest steel company, heated up this weekend when Germany's ThyssenKrupp increased its bid for the company. Luxembourg-based Arcelor SA, the world's second-biggest steelmaker, subsequently raised its offer to C$71 per share, 4.4% more than ThyssenKrupp's recent bid of C$68 per share and 13% more than its own previous bid of C$63 per share.
|posted by Douglas N. Jacobson| Permalink 
