IPSCO (IPS) Acquired By SSAB for $160/Share
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IPSCO Inc. (NYSE: IPS) and SSAB Svenskt Stal AB announced that they have entered into an agreement providing for IPSCO to be acquired by SSAB for U.S. $160 per share in cash for a total equity value of U.S. $7.7 billion.
The transaction has been approved by the Boards of Directors of both companies.
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