Russian Evraz to absorb US Oregon Steel Mills
![Russian Evraz to absorb US Oregon Steel Mills](https://mf.b37mrtl.ru/files/oldfiles/business/russian-evraz-to-absorb-us-oregon-steel-mills/466e8ecad1f4e.si.jpeg)
US Committee on Foreign Investment has approved the purchase by Russian steel company Evraz of Oregon Steel Mills. The deal has been valued at more than $US 3 BLN.
The Committee on Foreign Investment found no national security reasons to block the $US 2.5 BLN acquisition.Evraz made an offer for all shares in Oregon Steel and extended its offer until Friday. Investment analysts expect a majority to accept the $US 63 a share offer price.
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