Azovstal to Make Buy-Out Offer on July 7.
5 July 2008
Azovstal (AZST: Suspended) announced yesterday that it would make a formal offer on July 7 to minority shareholders who did not vote for the company’s planned share emission. The share issue was approved at a May 19 general meeting in order to consolidate Azovstal with a related trading company, but shareholders owning 5.506% of AZST’s stock did not assent.
