March 16 2007, Platts Commodity News US steel distributor Esmark has reached a definitive merger agreement with steelmaker Wheeling-Pittsburgh and renegotiated the latter’s debt terms in preparation for forming a public steelmaking and distribution company, executives of both companies said in a conference call Friday afternoon. The new company would be known as Esmark Inc. and would seek to raise $200 million in equity by listing its shares on the New York Stock Exchange. Under terms of the agreement, existing shareholders of Wheeling-Pittsburgh would exchange their shares for those of the new company in a deal that would value the shares at around...