The Stel Salaried Pensioners Organization wishes to
thank The Hamilton Spectator for permission to post the following article,
published in the January 30, 2006 edition
The Hamilton Spectator
(Jan 30, 2006)
Stelco's court-appointed monitor will ask for court orders
needed to clear the way for the company's sale of subsidiaries Norambar,
Stelwire and Stelfil to Mittal Canada Inc. Mittal wanted assurances the sale
wouldn't be fouled by Stelco's continued creditor protection. Creditors have
also taken more than 5.6 million shares in lieu of cash and Stelco has accepted
Tricap's $375-million loan offer.
The Hamilton Spectator