UPDATE 2-Stelco reaches new agreement with Deutsche Bank

Newswire

(Recasts, adds comments from union) By Frank Pingue TORONTO, Nov 24 (Reuters) - Stelco Inc. said on Wednesday it had forged a new bailout plan with Deutsche Bank AG that does not require the insolvent steelmaker to have a supply contract with General Motors Corp. . If the amended financing plan between Stelco and Deutsche Bank gets court approval on Thursday, it would create a bid that other potential suitors must surpass if they wish to take over Canada's largest steelmaker. "Others ...

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