Announced
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.
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