IPSCO Comments on Rumors
Share:
LISLE, Ill., April 12 -- In response to market rumors and noting recent appreciation in its stock price, IPSCO Inc. (NYSE/TSX: IPS) confirmed today that it is currently in discussions that could lead to a potential acquisition of the Company. There can be no assurance that any transaction will occur, or as to the timing, structure or terms of any transaction.
IPSCO is a leading producer of energy tubulars and steel plate in North America with an annual steel making capacity of four million tons. With the acquisition of NS Group, IPSCO now operates four steel mills, eleven pipe mills, and scrap processing centers and product finishing facilities in 25 geographic locations across the United States and Canada. The Company's pipe mills produce a wide range of seamless and welded energy tubular products including oil & gas well casing, tubing, line pipe and large diameter transmission pipe. Additionally, IPSCO is a provider of premium connections for oil and gas drilling and production. IPSCO trades as "IPS" on both the New York and Toronto Stock Exchanges.
For more information about IPSCO, log on to http://www.ipsco.com/.
Source: IPSCO Inc.
Web site: http://www.ipsco.com/
