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PITTSBURGH (AP) - Federal antitrust authorities have approved United States Steel Corp.'s planned acquisition of Lone Star Technologies Inc., a maker of welded pipe used in oil fields.
The $2.1 billion cash deal, announced in March, will make U.S. Steel the largest producer of tubular steel in North America.
The government has finished its review of the terms of the sale and ended a waiting period on the transaction, according to a Federal Trade Commission notice filed Thursday. The companies expect to complete the deal in the second quarter of 2007.
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