UPDATE 2-Rouge files bankruptcy;Russia's Severstal agrees to buy

Newswire

(Recasts first paragraph, adds background, stock price) NEW YORK, Oct 23 (Reuters) - Rouge Industries Inc. , parent of Rouge Steel, on Thursday said it filed for bankruptcy protection and agreed to be acquired by Severstal , one of Russia's three largest steelmakers. Rouge, the in-house steelmaking unit for Ford Motor Co. until 1989, said it filed for protection under Chapter 11 of the U.S. Bankruptcy Code on Thursday evening, but will continue to provide uninterrupted service to its ...

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