PAV nixes plan to go public after Republic sale

Oct 17, 2005 | 07:12 AM | Maria Guzzo

PAV Republic Inc., Fairlawn, Ohio, has withdrawn its plan to go public.

The move follows the sale of the assets of Republic Engineered Products LLC in July to Mexican special bar quality (SBQ) steel producer Industrias CH SA de CV (ICH), Mexico City (AMM, July 26).

As part of the agreement, ICH acquired all of Republic's shares, including those owned by majority shareholder Perry Capital. Republic has now become a subsidiary of Grupo Simec SA de CV, Guadalajara, Mexico, of which ICH is the majority owner.....

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