Fairfax acquires 13.7 per cent stake in Stelco for $250 million

TORONTO — Fairfax Financial Holdings Ltd. says it has bought a 13.7 per cent stake in steel producer Stelco Holdings Inc. for roughly $250 million. The insurance-focused financial services company says it has acquired 12.2 million common shares of the Hamilton-based firm for $20.50 each. That price represents a 4.2 per cent premium to Stelco’s closing price of […]