OREANDA-NEWS. Evraz Group S.A. (LSE:EVR) today announced that it has completed its acquisition of Oregon Steel Mills, Inc. (NYSE:OS) via a “short-form” merger of Oregon Steel with Evraz’s wholly owned subsidiary Oscar Acquisition Merger Sub, Inc.

According to the press service of Evraz Group S.A., the merger follows the announcement on January 12, 2007 of the successful closing of the cash tender offer by Oscar Acquisition Merger Sub, Inc. to purchase all outstanding shares of common stock of Oregon Steel for $63.25 per share, in which more than 90% of the shares were tendered.  Payment has already been made for all tendered shares.

Pursuant to the merger, each share of Oregon Steel common stock not accepted for payment in the tender offer, other than those as to which holders exercise dissenters’ rights and those held by Evraz or Oregon Steel or their respective subsidiaries, has been converted into the right to receive the $63.25 price per share, without interest and less any required withholding taxes, that was paid during the tender offer.