The Russian iron ore and steel producer Evraz Group (Evraz) has announced the extension of the offer period regarding its proposal to acquire all remaining shares of South African Highveld Steel and Vanadium Corporation Limited (Highveld).
On June 4 Evraz had opened a tender offer for a period of one month to acquire all remaining shares in Highveld for a consideration of $11.40 per share. However, Evraz has now decided to keep its offer open for a longer period until a date yet to be announced by the company.