Rouge seals $215 mln takeover by Russia Severstal

Newswire

MOSCOW, Nov 22 (Reuters) - Rouge Industries Inc. , parent of Rouge Steel, has announced it will be acquired by Russia's steel producer Severstal for around $215 million. In a press release posted on RPNewswire overnight the company, which has filed for bankruptcy in the United States, said it planned to complete the transaction before February 2004. Rouge, the in-house steelmaking unit for Ford Motor Co. until 1989, said the deal was subject to bankruptcy court approval as well as a ...

Premium Content (PAID Subscription Required)

"Rouge seals $215 mln takeover by Russia Severstal" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×