Issue 4270. Last Updated: 11/08/2009

NLMK Buys U.S. Firm for $3.5Bln

By Nadia Popova
Novolipetsk Steel said Wednesday that it agreed to buy John Maneely Company, the United States' largest independent steel pipe and tube manufacturer, for $3.5 billion in the biggest North American purchase ever by a Russian metals company.

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