Claymont, Evraz merger clears waiting period hurdle

By Lisa Kerner

Charlotte, N.C., Jan. 7 - The Hart-Scott-Rodino waiting period has expired in the proposed acquisition of Claymont Steel Holdings, Inc. by Evraz Group SA.

Evraz Group, through its subsidiary Titan Acquisition Sub, Inc., began a $23.50-per-share tender offer for Claymont on Dec. 18. The tender offer will end at midnight ET on Jan. 16.

It was previously reported that Evraz agreed to acquire Claymont Steel in a deal valued at $564.8 million in order to expand Evraz's presence in North America.

Evraz is a vertically integrated steel and mining business based in Luxembourg.

Claymont Steel manufactures and sells custom discrete steel plate. The company is located in Claymont, Del.

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