Wheeling-Pitt Sale to Esmark Approved
Wheeling-Pittsburgh has about 3,000 employees at plants in Ohio, Pennsylvania and West Virginia. The United Steelworkers labor union supported Esmark’s bid. Another deal may be ahead for Esmark – a merger that would add ArcelorMittal NV’s Sparrows Point steel mill in Maryland. Esmark owns a small piece of E2 Acquisition Group, which has agreed to buy Sparrows Point for $1.35 billion.