Wheeling-Pittsburgh sets meeting date for stockholder vote on Esmark deal

By Lisa Kerner

Charlotte, N.C., Oct. 26 - Wheeling-Pittsburgh Corp. shareholders will vote on the company's business combination with Esmark Inc. at a special meeting on Nov. 27 at 9 a.m. ET in Pittsburgh.

The record date for the meeting is Oct. 3, according to a company news release.

Stockholders may to elect to receive:

• $20 cash per share;

• A share-for-share exchange in the parent company of Wheeling-Pittsburgh and Esmark after the combination plus a right to purchase newly issued shares of "New Esmark" common stock at $19 per share; or

• A share-for-share exchange for New Esmark common stock.

Wheeling-Pittsburgh and Esmark entered into a definitive merger on March 16 and amended the agreement on Oct. 22.

Wheeling-Pittsburgh is a Wheeling, W.Va.-based steel company. Esmark is a Chicago Heights, Ill., steel service center.

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