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Russian steelmaker claims another U.S. scalp

Published 10 Dec, 2007 12:42 | Updated 10 Dec, 2007 15:42

The Evraz steel group is to buy American firm Claymont Steel Holdings for $US 564 million.

Evraz will pay $US 23.50 per share for the Delaware-based metal manufacturer.

That's around 19% over the market price.

Claymont will become a subsidiary of Evraz once the deal is complete.

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