Severstal won the bidding war for the Wheeling, W. Va.-based steelmaker last month with a $1.25 billion deal, including the offer of $19.25 per share. Esmark shares closed Friday up 0.21 percent to $19.20.
Esmark had been targeted by both Severstal and Indian firm Essar Steel Holdings for months. Management initially backed Essar’s offer, but the United Steelworkers union favored Severstal.
The Russian company in May completed an $810 million deal for Sparrows Point.
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