Chavez threatens to expropriate steel maker Sidor

Venezuelan President Hugo Chavez is threatening to expropriate Venezuela's largest steel maker because he says shareholders are demanding excessive compensation for the company's nationalization. Chavez dismissed a request made by Sidor's parent company, Luxembourg-based Ternium SA, for $4 billion in exchange for its 60 percent stake in the steel maker. The Venezuelan president ordered Sidor nationalized earlier this month, taking sides with workers who fought for improved salaries and benefits.