The offer price represents a 40% premium over Dofasco's closing share
price on November 22, 2005
, the day prior to the announcement by Arcelor of
its intention to make a hostile bid for Dofasco
of C$56. QCM owns and operates the Mont-Wright open mine pit and a pellet plant
at Port-Cartier.
The
Group has been operating in the country since 1914. The addition of screens to our product line
will improve our
opportunity to market to all drilling contractors as well as our existing
customer
base of exploration and production companies," stated Jerry D. For product information and additional
information on the
Company, please visit Flotek's web site at http://www.gabion yusheng
It serves major and independent
companies
in the domestic and international oilfield service industry.zhongfang xinlong
EST on January 10, 2006,
unless
the Offer is extended or withdrawn. Today, ThyssenKrupp owns
directly or indirectly a total of 16
group companies as well as two minority
interests and employs more than 4,200 people in the provinces
of Alberta,
British Columbia, New Brunswick, Newfoundland, Ontario and Quebec.
Flotek Website
"The screens will broaden
and compliment our existing line of drilling
products. Such statements involve risks
and uncertainties
, which may cause results to differ materially from those
set forth in these statements.nonmetal barbed
Dofasco also
owns 98.
The screens feature a metal backed framing support with a proprietary
synthetic coating
and sealing which extends the screen life.yuandong sieves
00 per share. at 1-800-322-2885.weldmesh zhongfang
Ekkehard Schulz, Chairman
of the Executive Board of ThyssenKrupp. Neither ThyssenKrupp nor Dofasco
undertake any obligation
to update or revise any forward-looking statements,
whether as a result of new information, future
events or otherwise.huayang sieves
(OTC BB: FLTK) announced it
has purchased the manufacturing assets, inventory
and intellectual property
to produce oilfield shale shaker screens, from Phoenix E&P Technology,
LLC.com
Flotek is a publicly traded company involved in the manufacturing and
marketing of
innovative specialty chemicals, downhole drilling and
production equipment, and management of automated
bulk material handling,
loading and blending facilities.welded anping
8 billion (EUR 3. Sales in 2004 amounted
to C$4.zhongfang yuandong
We know what it takes to do business in Canada and succeed. at
1-866-439-0616 or from
MacKenzie Partners, Inc.1
billion in 2004/2005 and nearly 184,000 employees, the Group occupies mainly
top-three positions with its activities worldwide.quenching yusheng
8% premium over the
Arcelor bid.
Statements
made in this press release, including those relating to the
positive direction of the Company and
increased revenue base, are
forward-looking and are made pursuant to the safe harbor provisions of
the
Securities Litigation Reform Act of 1995.yuandong xinlong
5 -
Dofasco Inc. Product
lines include hot rolled
, cold rolled, galvanized, Extragal(TM),
Galvalume(TM), and tinplate flat rolled steels, as well as
tubular products,
laser-welded blanks and Zyplex(TM), a proprietary laminate.
ThyssenKrupp
Steel concentrates on flat-rolled steel with high value
added, tailored to customers' requirements
.yuandong crimped
com, from Georgeson Shareholder Communications Canada Inc. With sales of EUR 42.7
billion in fiscal
year 2004/2005, approximately 31,500 employees and customers
in more than 80 countries, the segment
is one of the world's foremost steel
producers. The activities in Canada
focus on the supply of
body and chassis components to the North American auto
industry, the production and service of elevators
and escalators as well as
the sale of carbon and stainless steel. There can
be no assurance that
any transaction between ThyssenKrupp and Dofasco will
occur, or will occur on the timetable contemplated
hereby.
gabion hexagonal
"We
have been operating in Canada since 1914 with more than 4,200 employees today
., Chairman and Chief Executive Officer of Flotek.
More detail will be available in the Company
's 8-K and 10-K to be filed
with the SEC.yongsheng galvanized
Shareholders may obtain a copy of the take-over bid
circular, directors'
circular and other materials (when available) at the SEDAR web site at
http:
//www.Flotek Executes Agreement to Acquire Screen Manufacturing Facility
Flotek Industries
, Inc.
Flotek will begin manufacturing the screens immediately and will actively
market the
Turbo-Flo high efficiency screens through its existing Downhole
Products sales network.
Dumas
, Sr.flotekind.hexagonal sieves
The offer will be subject to customary closing conditions including
acceptance
by shareholders representing a minimum of two-thirds of the
outstanding Dofasco shares on a fully
diluted basis, and receipt of necessary
regulatory approvals including Investment Canada and Competition
Act. Dofasco is a leading North American steel solutions provider. Upon the completion of the acquisition
of Spidle
Sales and Services, Inc.nonmetal hexagonal
m. Other factors identified in the Company's
filings with the
Securities and Exchange Commission could also affect the
forward-looking statements contained in
this press release.
zhongfang welded
50 per common share.xinlong tianxing
sedar. All
statements other than statements of historical
facts included in this press
release are forward-looking statements. All forward-looking statements
speak
only as of the date of this press release.nonmetal wireworks
- Offer in connection with previously announced
friendly all-cash deal -
HAMILTON, ON and DUSSELDORF, Germany, Dec.
"Dofasco's Board
of Directors is unanimously recommending that
shareholders accept the offer," said Brian MacNeill
, Chair.
"ThyssenKrupp's premium offer shows the value we place in Dofasco as an
ideal strategic
partner and platform for growth in the North American market,"
said Dr.2
billion. Sales
amounted
to 1 billion euros in fiscal 2004/2005., the Company will expand its marketing of the
Turbo-Flo screens
into the Rocky Mountains.welded justesen
ThyssenKrupp's offer of November 28 also represents a 9. The company has
additional operations in Canada, the
United States and Mexico. In carbon steel flat products it is
number 2 in Europe.gabion yongsheng
Dofasco and ThyssenKrupp Announce Mailing of Bid Circular
Products
from ThyssenKrupp
Steel are used in a wide range of everyday applications,
such as car bodies, facades and domestic
appliances.yusheng nonmetal
5 billion), or C$61.
About ThyssenKrupp:
-------------------
Focusing on the key areas of Steel, Capital Goods and Services, the
capabilities of ThyssenKrupp
are organized in six segments - Steel, Stainless,
Automotive, Technologies, Elevator and Services
.
Forward Looking Statements
This press release contains "forward-looking statements
" that are subject
to a number of risks and uncertainties, many of which are beyond ThyssenKrupp
and
Dofasco's control, that could cause actual results to differ materially
from those set forth in,
or implied by, such forward-looking statements.nonmetal wire
Included in the package mailed to shareholders
today is the Directors'
Circular prepared by the Dofasco Board of Directors which unanimously
recommends
that shareholders accept the ThyssenKrupp offer.nonmetal quenching
and ThyssenKrupp AG jointly announced today that ThyssenKrupp
has
mailed to Dofasco shareholders its bid circular in connection with its
previously announced
offer to acquire all of Dofasco's outstanding common
shares in a friendly, all-cash transaction for
total consideration of
approximately C$4. The
Offer will be open for acceptance until 12:01 a
.
About Dofasco:
--------------
Established in 1912, Dofasco employs approximately
11,000 people and is
Canada's largest flat rolled steel producer. Dofasco's wide
range of steel
products is sold to customers in the automotive, construction,
energy, manufacturing, pipe and tube
, appliance, packaging and steel
distribution industries.7% of Quebec Cartier Mining
(QCM).
About ThyssenKrupp in Canada:
-----------------------------
ThyssenKrupp has
a track record of successful operations in Canada. The screens
are made with two layers of 304 stainless
wire cloth as opposed to the
conventional three layers, reducing "trampolining" effect and maximizing
fluid throughput.mesh huayang
"
Dofasco and ThyssenKrupp both have successful records in producing
premium
flat-rolled steel products, providing world-class customer service and
demonstrating excellent performance
. With sales of around EUR 9.anping huayang
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