Under a $564.8 million deal the Russian steel and mining major signed with the U.S. company in December, Evraz's wholly-owned subsidiary Titan Acquisition Sub. Inc. made a cash tender offer for all Claymont Steel common stock shares, which received over 96% acceptance.
Evraz Group earlier said the offer price of $23.5 per share represented a premium of 19.1% to Claymont Steel's three month weighted average stock price.
Claymont Steel, located in Claymont, Delaware, has an annual capacity of over 500,000 tons. It manufactures and sells custom-made steel plate in the United States and Canada.
Evraz Group is one of the largest vertically-integrated steel and mining businesses. In 2007, the company produced 16.3 million tons of crude steel.
