Tag «$100 million of ADRs»

Mechel Announces Buyback Program

Moscow, Russia — June 18, 2013 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the decision of the company’s Board of Directors to authorize the buy back of up to $100 million of ADRs representing Mechel OAO’s common shares. These repurchases will be made in open market or …