Hyundai Steel to acquire Hyundai Hysco  [ Korea ]

Hyundai Steel announced that it will acquire Hyundai Hysco on July 1, 2015. One Hyundai Steel share will be allocated to 0.8577607 of Hyundai Hysco shares. When the merger is completed, Hyundai Steel is expected to become a global steel company with assets of KRW 31 trillion and annual sales of KRW 20 trillion. (From a press release on April 8, 2015)