Roundup: Sparrows Point, Media General, CapitalSource

*The Justice Department approved the sale of the Sparrows Point steel mill near Baltimore to Russia's OAO Severstal, which agreed to buy it from ArcelorMittal of Luxembourg for $810 million. ArcelorMittal had to sell the mill to settle antitrust concerns.

(By Lucian Perkins - The Washington Post)

*Another proxy adviser, ISS Governance Services, backed dissidents seeking board seats at Media General of Richmond. ISS said the newspaper publisher and broadcaster "consistently underperformed its peers." ISS recommended shaerholders elect two of hedge fund Harbinger Capital Partners' three nominees.

*Shares of CapitalSource fell about 2.7 percent today, to close at $11.60, after analysts said the company still faces challenges despite its deal to take over the assets of Fremont Investment & Loan of California.

By Terri Rupar  |  April 15, 2008; 4:49 PM ET  | Category:  Roundup
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