News and analysis on global M&A and corporate financing strategies

Finance / United States

US Steel-Maker Nucor Raising Funds

May 2008 | In The News

Nucor Corporation, based in Charlotte, North Carolina, is expected to continue its fund raising this week, by tapping the capital debt markets for US$1bn. This follows the steel-maker's planned common stock offering which it priced on May 21 at US$74 per share. The offer will close on May 29. Nucor has said that proceeds from the sales will be used to fund acquisitions and pay down debt, as well as other general corporate purposes.

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