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Esmark Steel Group Acquires Assets of Kelco Metals
Oct. 21, 2010 - Esmark Steel Group has acquired the assets of Schaumburg, Ill.-based steel distributor Kelco Metals Inc. for more than $9 million. Kelco Metals will add approximately 50,000 tons of steel shipments annually to the company’s total shipments.

Esmark Completes Acquisition of Five Midwest Service Centers
May 21, 2010 - Esmark Steel Group completes its acquisition of five steel service centers in Illinois and Ohio from OAO Severstal.

Esmark Acquires Excalibur Machine Assets
Dec. 31, 2009 - Esmark Industrial Group has completed the acquisition of assets of Meadville, Pa.-based Excalibur Machine Co., Inc. for $3.5 million in cash. David A. Luptak will become Chief Executive Officer and President of the newly formed Esmark Industrial Group with responsibility for Excalibur Machine.

Severstal Completes Esmark Acquisition
Aug. 6, 2008 - OAO Severstal completes its acquisition of Esmark Inc., which will now be known as Severstal Wheeling Holding Co.

Severstal Extends Tender Offer for Esmark Shares
Jul. 21, 2008 - OAO Severstal extends the expiration for its tender offer to purchase outstanding shares of Esmark to Monday, August 4, 2008.

Essar Withdraws Esmark Bid
Jun. 27, 2008 - Essar Steel Holdings Limited informs the Esmark Board of Directors that it is withdrawing its offer to purchase all of the company’s outstanding shares at US$19 per share.

Steelworkers Hail Esmark Sale
Jun. 27, 2008 - The USW welcomes the news that Esmark has entered into a definitive merger agreement with OAO Severstal, and that Esmark's Board of Directors is recommending that shareholders tender their shares to Severstal.

Severstal Enters Merger Agreement to Acquire Esmark
Jun. 26, 2008 - OAO Severstal enters into a definitive merger agreement to acquire Esmark at an increased purchase price of $19.25 per share in cash at a total equity value of approximately $775 million.

Steelworkers Union Responds to Esmark Statement on Arbitrator Ruling
Jun. 25, 2008 - The United Steelworkers issues a statement that arbitrator Richard I. Block's decision had upheld the USW's contractual "right to bid" against Esmark's willful violation of the collective bargaining agreement.

Esmark to Grant Three-Day Extension of Right-to-Bid Period
Jun. 25, 2008 - Esmark confirms that an Arbitrator’s decision had cleared the way for its Board to act on competing bids for the company by declining to extend the 52-day “right-to-bid” period given to the United Steelworkers.

Severstal Reaffirms Offer to Acquire Esmark
Jun. 20, 2008 - OAO Severstal reaffirms its all-cash $17-per-share tender offer to acquire all outstanding shares of Esmark common stock.

Severstal Responds to Esmark Board of Directors
Jun. 18, 2008 - Severstal responds to the Esmark Board of Directors regarding actions following Severstal’s tender offer to acquire the outstanding shares of Esmark Inc.

Esmark Adopts Stockholder Rights Plan
Jun. 16, 2008 - Esmark Board of Directors adopts a Stockholders Rights Agreement designed to help company stockholders receive the highest value for their shares in connection with the sale of the company.

Esmark Board Rejects Severstal Offer
Jun. 13, 2008 - Esmark’s Board of Directors is recommending that stockholders not tender any shares to OAO Severstal, after reviewing the offer and finding it to be inadequate, uncertain regarding ability to close, and contrary to the best interest of Esmark’s stockholders.

Esmark Issues 2nd Quarter Earnings Guidance
Jun. 13, 2008 - Esmark is expecting second-quarter net earnings to be in the range of $.35 to $.45 per diluted share, significantly better than the $.40 loss per share that it reported in the first quarter of 2008.

Wheeling-Pittsburgh Files NLRA Charge Against Steelworkers
Jun. 12, 2008 - Wheeling-Pittsburgh Steel files a charge under the National Labor Relations Act against the USW for its claims that it can block the proposed acquisition of the company by Essar Steel Holdings, as well as its attempts to block the sale.

Essar Steel to Sweeten Esmark Offer
Jun. 12, 2008 - Essar Steel Holdings announces plans to increase its offer for Esmark to US $19 per share, and says it is prepared to recognize the United Steelworkers, assume the Basic Labor Agreement, and negotiate a new collective bargaining agreement on an expedited basis.

Esmark Reports 1st Quarter Results
Jun. 10, 2008 - Esmark reports a net loss of $15.8 million on net sales of $600.1 million for the first quarter ended March 31, 2008, with results reflecting the contribution of both Esmark Steel Service Group and Wheeling-Pittsburgh Steel.

Essar Steel Considers Upgrading its Offer for Esmark
Jun. 9, 2008 - Essar Steel Holdings informs the Esmark Board that it will consider a potential increase to its $17-per-share offer to acquire Esmark, but says it is seeking information on arrangements between Severstal and Esmark shareholder Franklin Mutual Advisers.

Esmark Clarifies Debt Status
Jun. 6, 2008 - Esmark clarifies the press release recently issued to comply with NASDAQ rules, noting that reports stating that the company had not refinanced its long-term debt are erroneous.

Severstal Waives Condition to Esmark Offer
Jun. 6, 2008 - OAO Severstal is waiving the condition to its previously announced tender offer to acquire all of the outstanding shares of Esmark common stock that would require Esmark to terminate its agreement with Essar.

Esmark Triggers Uncertainty on Going-Concern Status
Jun. 5, 2008 - As required by NASAQ rules, Esmark publicly announces that it has been unable to refinance its debt on a long-term basis, raising substantial doubt regarding the company’s ability to continue as a going concern.

Esmark Responds to OAO Severstal Offer
Jun. 2, 2008 - Esmark says it will have a recommendation from the Esmark Board by June 13 regarding OAO Severstal's unsolicited tender offer to acquire Esmark’s outstanding common shares for $17.00 per share.

Severstal Extends Tender Offer to Acquire Esmark
Jun. 2, 2008 - OAO Severstal commences its all-cash, $17.00 per share tender offer to acquire all outstanding shares of Esmark common stock; the offer has the full support of the United Steelworkers.

Esmark Division to Provide Steel Decking for new Pittsburgh Penguins Arena
May 27, 2008 - Esmark’s Wheeling Corrugating division will supply the steel decking requirements to construct the Pittsburgh Penguins’ new state-of-the-art arena.

Massey Energy Says it will Continue to Challenge Verdict in Wheeling-Pitt Dispute
May 27, 2008 - Massey Energy says it will continue to challenge a $220 million jury verdict rendered in 2007 for the contract dispute between Massey subsidiary Central West Virginia Energy Co. and Wheeling-Pittsburgh Steel Corp.

Court Denies Massey Energy’s Request for Appeal in Wheeling-Pittsburg Dispute
May 27, 2008 - The West Virginia Supreme Court of Appeals denies the request for appeal from Massey Energy and its Central West Virginia Energy subsidiary regarding the judgment entered against them in favor of Esmark’s subsidiary Wheeling-Pittsburgh Steel and its coke plant joint venture and co-plaintiff Mountain State Carbon.

USW Reiterates Support for Severstal’s Purchase of Esmark
May 22, 2008 - The United Steelworkers reconfirms its strong support for OAO Severstal's proposal to acquire all outstanding shares of Esmark common stock.

Severstal Makes Competing Bid to Acquire Esmark
May 21, 2008 - OAO Severstal makes a proposal to the Esmark Board of Directors to acquire all of the company’s outstanding shares of common stock for $17.00 per share in cash.

Esmark Responds to USW Statements on Collective Bargaining Agreement Provisions
May 21, 2008 - Esmark responds to the position taken last week by the United Steelworkers regarding the proposed tender offer and subsequent merger with Essar Steel Holdings Limited.

USW Says Esmark-Essar Agreements are a Violation of Labor Contract
May 19, 2008 - The United Steelworkers asserts that Esmark’s agreements with Essar Steel Holdings are in direct violation of its collective bargaining agreement with the union.

Esmark Settles Lawsuit with Herman Strauss
May 12, 2008 - Esmark confirms settlement of litigation pending between its Esmark Steel Service Group and Herman Strauss, Inc. over scrap purchased by Wheeling-Pittsburgh Steel.

Esmark Responds to ‘Frivolous’ ArcelorMittal Lawsuit
May 12, 2008 - Esmark indicates surprise and disappointment in response to ArcelorMittal’s suit against Esmark and E2 Acquisition for breach of their contract to purchase the Sparrows Point steelmaking facility.

ArcelorMittal Files Suit against Esmark/E2
May 9, 2008 - ArcelorMittal has filed suit against Esmark Inc., E2 Acquisition, seeking in excess of $540 million for breach of its contract to purchase Sparrows Point.

Esmark Receives Financing Package from Essar Steel Holdings
May 7, 2008 - Essar Steel Holdings completes a new $31 million term loan facility to its wholly owned subsidiary Esmark Steel Services Group and refinancing of the existing $79 million Government guaranteed Wheeling-Pittsburgh Steel term loan.

Esmark Announces Year-End Results
May 1, 2008 - Esmark reports a net loss of $12.3 million on net sales of $313.4 million for the fourth quarter, and a net loss of $9.0 million on net sales of $825.6 million for the year ended December 31, 2007.

Esmark Agrees to Merge with Essar Steel
May 1, 2008 - Esmark agrees to the material terms of a proposed tender offer and merger with Essar Steel Holdings Limited for a cash purchase price of $17.00 per share.

Esmark on Notice from Nasdaq for Delay in Filing Form 10-K
Apr. 28, 2008 - Nasdaq notifies Esmark that the company is no longer in compliance with Nasdaq Marketplace Rule 4310(c)(14) for continued listing due to Esmark’s failure to timely file its 2007 Annual Report on Form 10-K with the Securities and Exchange Commission.

Esmark to Sell Minority Interest in Wheeling Nisshin
Mar. 10, 2008 - Esmark Inc. has entered into an agreement to sell its 35.7% equity interest in Wheeling-Nisshin for $71.4 million.

Esmark Receives Underwritten Commitment for New Credit Facility
Feb. 5, 2008 - Esmark accepts commitment from GE Corporate Lending, its lead lender, for a fully underwritten $500 million revolving credit facility that will replace an existing $150 million revolver at Esmark Steel Service Group and a $225 million revolver at Wheeling-Pittsburgh.

Esmark Names President of Wheeling Corrugating
Jan. 22, 2008 - Esmark announced the appointment of steel industry veteran Joel Mazur as President of its Wheeling Corrugating division.

Esmark Announces New Management for Core Business Segments
Jan. 9, 2008 - As it aligns management responsibilities with its two business segments—Mill Operations and Downstream Operations—Esmark announces several executive appointments that take effect immediately.

Esmark Acquires U.S. Metals and Supply
Mar. 10, 2005 - Esmark Inc. announced its acquisition of U.S. Metals and Supply Co. for $16 million.

Esmark Completes Acquisition of Century Steel
Jan. 5, 2004 - Esmark, Inc. has completed its purchase of the assets of Century Steel LLC for $40 million in cash.

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