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Steelmaker Eyes Deals Greater Than $500 Million to `Move Needle'
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Steelmaker Eyes Deals Greater Than $500 Million to `Move Needle'
Alan Kestenbaum said the company is targeting assets in North America that will complement the profile of the Hamiliton, Ontario-based integrated steelmaker, currently riding a wave of demand from the automotive and construction sectors. This could include a foray into the scrap-centric mini mills that are benefiting companies such as Nucor Corp. and Steel Dynamics Inc. -- at the right price, he said. “We’re limitless, we have various debt tools, we have cash and equity,” that can be used to fund acquisitions, Kestenbaum said in an interview at Bloomberg’s office in Toronto.
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