Ipsco to Buy NS Group for $1.46 B

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Market Update Analysis:

Author: Elena Todorova
123jump.com
Last Update: 8:16 AM EDT September 11 2006

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The transaction price represents a 43% premium to NS Group''s share price of $46.15 Friday. Ipsco will finance the purchase with cash and debt from a committed bank-credit line. The transaction, which is expected to close in 2006, has been approved by both companies’ boards.

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