Bethlehem Steel Increases Offer for Lukens Inc.

PR Newswire | January 5, 1998 | Copyright

BETHLEHEM, Pa., Jan. 5 /PRNewswire/ -- In response to media inquiries concerning a joint announcement earlier today by Bethlehem Steel Corporation (NYSE: BS) and Lukens Inc. (NYSE: LUC), the following statement was issued by Bethlehem:

Bethlehem Steel Corporation confirmed today that it has increased its offer to acquire Lukens Inc. to $30 per share by amending the definitive merger agreement it had signed with the Coatesville, Pa.-based steelmaker on December 15, 1997. Under the amended agreement signed by Bethlehem and Lukens, Bethlehem would acquire Lukens in ...

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