NEW YORK, NY, November 20, 2006 — LAWFUEL – Law News Network – Evraz Group S.A. and Oregon Steel Mills (NYSE:OS) announced that they have signed a definitive agreement under which Evraz will acquire Oregon Steel for $63.25 per share, for a price of approximately $2.3 billion. Covington advised Oregon Steel Mills in the transaction.
Oregon Steel Mills is one of the most diversified steel manufacturers in North America, producing over 1.8 million tons of specialty and commodity steel products annually. Evraz Group S.A. is one of the largest vertically-integrated steel and mining businesses with operations mainly in Russia.
The Covington team was led by corporate partner J. D. Weinberg in New York. The New York and Washington based team included partner Scott Smith and associates Andrew Ment, Marcus Weiss, Ingrid Loreen and Michelle Garcia (corporate), as well as partner Michael Francese (employee benefits), Robert Heller (tax), partner Corinne Goldstein (environmental), partner George Chester and associate Chris Oatway (antitrust), and David Marchick, Peter Flanagan, Linda Morgan, Kimberly Strosnider and Damara Griffith (regulatory).