Essar pulls out of Esmark race
Essar has pulled out of the race to acquire US steel maker Esmark after it was outpriced by Russian mining firm Severstal, ending a two-month-long tussle. Severstal has launched a fresh offer of $19.25 a share, 25 cents higher than Essar’s renewed bid, and has signed a definitive merger agreement with Esmark.
Both offers promised to […]
