(Reuters) - A rush of takeovers in the steel industry has left
good-sized, affordable steel assets such as Stelco a scarce
commodity. But amid the merger mania, the company's valuation
seems to ignore its expensive pension and other post-employment
benefit obligations, analysts said.
"No one has told me why they think it's worth what it is,"
said David Tyerman, a steel analyst at Scotia Capital in
Toronto.
Read more at Reuters.com Mergers News
good-sized, affordable steel assets such as Stelco a scarce
commodity. But amid the merger mania, the company's valuation
seems to ignore its expensive pension and other post-employment
benefit obligations, analysts said.
"No one has told me why they think it's worth what it is,"
said David Tyerman, a steel analyst at Scotia Capital in
Toronto.
Read more at Reuters.com Mergers News
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