Dofasco
formerly Toronto symbol DFS, is Canada's second-largest steelmaker after Stelco. The company was taken over by Arcelor SA in 2006.
Two more of our buys — Swift Transportation and Agere Systems — have attracted takeover bids, raising our takeovers to a total of 10 for the year. (Our other 2006 takeovers were Mercury Interactive, ACE Cash Express, Russell Corp., Sico Inc., Vincor International, VFC, Dofasco and Geac.)
Investors often ask how we manage to recommend so many stocks that get taken …read more »
DOFASCO INC. $71 (Toronto symbol DFS; SI Rating: Average) has accepted a $71.00-a-share takeover offer from Arcelor SA after rival bidder ThyssenKrupp AG decided not to match Arcelor’s offer. However, UK-based Mittal Steel Co. has launched a hostile takeover for Arcelor. Mittal’s bid for Arcelor is unlikely to affect Arcelor’s plan to buy Dofasco.
Dofasco shareholders should tender their shares to …read more »
