Well, I knew it was going to happen at some point. And that day finally arrived today. I had to sign over my shares of Dofasco Inc. - a Canadian steel company.

A few months back, a crazy bidding war started between Arcelor and Thyssenkrupp for Dofasco. Anyways, not knowing that there was going to be all this crazy bidding going on, I sent my 3 lowly shares (I had *just* started dripping this company) to the transfer agent (CIBC Mellon) handling the Thyssenkrupp bid. The bid was offering $63 per share.

Then lo and behold, Arcelor ended up winning the bid! And they were using a different transfer agent (Computershare). So, I had to send a letter to CIBC Mellon retracting my acceptance of the Thyssenkrupp offer. Of course, it took them a while to get this done. I ended up missing the deadline to submit my shares to the Arcelor deal.

No biggie. I figured that I would wait for the deal to go through and then they would come to me. The deadline kept getting extended, but everytime I got around to sending my shares in, I was too close to the deadline. I kept them.

Finally, the deal went through and Dofasco was taken over by Arcelor. The deal was for all the Dofasco shares. Well, today, I received a registered letter asking me to submit my shares. I either had the option of accepting the $71 bid or going to court and having the court assign a value to my shares.

Needless to say, I just finished signing my shares over to Arcelor and will be putting them in the mail tomorrow.

Bye-bye Dofasco. It was definitely a very short relationship. There are not enough Canadian companies that offer DRiPs!