Paulson-Algoma Agreement: Excess Capital, Two Directors
Daily News; White Plains › March 09, 2006
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Summary
SAULT STE. MARIE, Ontario (HedgeWorld.com) - Algoma Steel Inc. and the hedge fund management firm Paulson & Co. Inc. announced agreement on the issues that have separated them, and Paulson has withdrawn its requisition for a special meeting of the shareholders.
Algoma is an integrated steel producer, selling chiefly rolled steel products including hot and cold rolled steel and plate.See the full content of this document
Extract
Paulson-Algoma Agreement: Excess Capital, Two Directors
The joint announcement quoted John Paulson, president of the eponymous fund manager. "We view Algoma's continued efforts to enhance shareholder value as a...
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