The US-based flats producer Esmark Incorporated (Esmark) is to decide on Russian steelmaker Severstal's proposed takeover offer by June 13, say reports quoting Esmark's chairman and chief executive Jim Bouchard.
At the end of May Severstal offered to buy all outstanding shares in Esmark for $17.00 per share in cash, following the receipt of support for its proposed acquisition from the United Steelworkers (USW) union.