PBS Coals Limited announces that PBS Coals Corporation and a subsidiary of Severstal Resources have received written confirmation from the Committee on Foreign Investment in the United States (CFIUS) under the Exon-Florio Amendment to the Defense Production Act of 1950, as amended, that no second-stage investigation will be initiated in respect of the joint [...]

OAO Severstal, one of the world’s leading metals and mining companies, announced that 7027940 Canada Limited, an affiliate of Severstal, has extended the expiration date for its offer to purchase all outstanding shares of PBS Coals Limited (formerly, Penfold Capital Acquisition Corporation), at an offer price of C$8.30 cash per share, to 11:59 p.m. (Toronto [...]

OAO Severstal, one of the world’s leading metals and mining companies, announced that it has extended the expiration date for its tender offer to purchase all outstanding shares of Esmark Incorporated (Nasdaq: ESMK; “Esmark”), at an offer price of $19.25 per share, to 10:00 a.m., Eastern Daylight Time, on Monday, August 4, 2008.
The tender offer [...]