IPSCO (IPS) Jumps 9% Following X/LSS Deal

Shares of IPSCO Inc. (NYSE: IPS) are 9% higher in early action following US Steel's (NYSE: X) buyout of Lone Star Technologies (NYSE: LSS) at a huge premium. IPSCO is a leading low cost producer of energy tubulars and steel plate in North America with an annual liquid steel making capacity of 4.3 million tons.