By Lisa Kerner
Charlotte, N.C., Dec. 28 - Oscar Acquisition Merger Sub, Inc., a wholly owned subsidiary of Evraz Group SA, extended its tender offer to purchase all outstanding common stock shares of Oregon Steel Mills, Inc. to 5 p.m. ET Jan. 9 from midnight ET Dec. 28, according to a news release.
Evraz announced on Nov. 20 that it had signed a definitive agreement to acquire Oregon Steel for $2.3 billion, or $63.25 per share.
As of Dec. 27, Oregon Steel stockholders had tendered 9,607,810 shares of Oregon Steel common stock into the offer.
Following the purchase of shares in the tender offer, Oregon Steel will become a subsidiary of Evraz.
Evraz Group, based in Luxembourg, is a vertically integrated steel and mining business with operations mainly in Russia.
Oregon Steel Mills, located in Portland, Ore., produces as-rolled and heat-treated steel products and tubing.
| Acquirer: | Oscar Acquisition Merger Sub, Inc., a wholly owned subsidiary of Evraz Group SA
|
| Target: | Oregon Steel Mills, Inc.
|
| Transaction value: | $2.3 billion
|
| Payment per share: | $63.25
|
| Announcement date: | Nov. 20
|
| Expected closing: | Jan. 9
|
| Stock price for target: | NYSE: OS $62.35 on Dec. 27
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