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ID: 30784
Title: U.S. Steel buying oilfield equipment maker Lone Star (Reuters)
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A Steel slab is seen at a U.S. Steel facility in an undated publicity photo. U.S. Steel said on Thursday it would buy oilfield tube maker Lone Star Technologies Inc. for $2.1 billion in cash, making it the largest North American tubular producer. (Handout/Reuters)Reuters - U.S. Steel Corp. expanded its reach in the lucrative oilfield sector on Thursday with a $2.1 billion deal to buy Lone Star Technologies Inc. , which makes products to line oil and gas wells and build pipelines.
Category: Business/
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Date Added: March 29, 2007 07:15:52 PM
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