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Friday, April 19, 2013

Brazil's CSN resubmits offer for ThyssenKrupp assets -source, (NYSE: VALE)

Brazilian steelmaker CSN, or Cia Sider�rgica Nacional SA, has resubmitted a bid for assets belonging to Germany's ThyssenKrupp AG , a source familiar with the subject told Reuters on Friday. In recent months, CSN offered $3.8 billion for ThyssenKrupp's Steel Americas, which is comprised of a slab processing plant in Alabama and a 73 percent stake in Brazilian slab-making mill CSA. Mining group Vale SA holds the remaining 27 percent stake in CSA.

Vale SA (Vale) is a Brazil-based metals and mining company. Shares of VALE traded higher by 0.5% or $0.08/share to $16.02. In the past year, the shares have traded as low as $15.47 and as high as $23.27. On average, 18596500 shares of VALE exchange hands on a given day and today's volume is recorded at 16097641.



Source