Wheeling-Pitt Backs Brazil Deal

Wheeling-Pitt also reiterated its stance that the Esmark proposal "was rejected because it was an inferior bid with unsubstantiated claims."

No merger proposal is to be voted on at the Company's Annual Shareholders meeting on Nov. 17, Wheeling-Pitt said. Wheeling-Pittsburgh shareholders will vote to elect the Company's board of directors, choosing between the Company's slate of current directors designated by the independent nomination committee and a slate supported by Esmark. Esmark has made no proposal to merge with Wheeling- Pittsburgh for consideration by shareholders at that meeting, Wheeling-Pitt said.