MOSCOW, April 17 /PRNewswire/ --
- Not for Release, Publication or Distribution, in Whole or in Part, in, into or from Any Jurisdiction Where to Do So Would Constitute a Violation of the Relevant Laws of Such Jurisdiction
Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the following update in relation to the recommended cash offer made by Mechel for the entire issued and to be issued ordinary share capital of Oriel by means of an Offer Document dated 26 March 2008 (the "Offer Document").
The Board of Mechel is pleased to announce that all the conditions of the Offer have now been satisfied or waived and that, accordingly, the Offer is today declared unconditional in all respects.
1. Level of acceptances