Dofasco and Vincor

Well, as I predicted, a white night came along...one of the 2 I was thinking that would. ThyssenKrupp is a German steelmaker, came in with a bid of $61.50... a little short on the $64 I thought Dofasco might get, but trading hit $63.90 on the TSX. Maybe Arcelor will sweeten the bid, but the sound of the board, it looks like a done deal.

Vincor is holding fast, expecting the shareholders to reject Constellation's current offer of $35. I still think they will come back in the new year. I will follow the run until Q4 2005 reports, and see if it will be a possible buy at $40 for Constellation.