Fairfax Financial acquired a 13.7% stake in Stelco for C$250m.

Synopsis

Fairfax Financial, a financial holding company, acquired a 13.7% stake in Stelco, a steel company based in Hamilton, Ontario, at a price of C$20.50 per Common Share. Total consideration is C$250m. The Common Shares were acquired by Fairfax for investment purposes.

Principals

target

Stelco Holdings

bidder

Fairfax Financial Holdings

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Market Context

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Seller Team (2)

don p. newman

CFO at STELCO HOLDINGS

Manager

target

Deals

£ 20 M

Total Value

alan kestenbaum

Chairman and CEO at STELCO HOLDINGS

Manager

target

Deals

£ 2.37 B

Total Value

Bidder Team (1)

prem watsa

CEO at FAIRFAX FINANCIAL HOLDINGS LIMITED

Manager

bidder

Deals

£ 11.76 B

Total Value

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