The spokesperson for Evraz Group reports that Titan Acquisition Sub, their daughter enterprise, has successfully acquired a shareholding of Claymont Steel Holding on January 16, 2008.


It has been reported that Claymont Steel’s shareholders offered 16,415,722 ordinary shares for sale, which comes to approximately 93.4% of currently circulating shares, and Evraz Group bought them all. This is going to become a part of a merger. Each of Claymont Steel’s shares that has not been sold during the time of the offer (excluding those that already belong to either Evraz Group or Claymont Steel or their daughter enterprises) is to be converted into $23.5 (excluding tax). This was the price the shares were originally offered at. Evraz Group is planning to complete this simplified merger within a few days.