CMA makes triple play with Riverside deal

Nov 07, 2005 | 09:30 AM | Jo Clarke

Australia's CMA Corp. Ltd. has agreed to acquire Sydney-based scrap dealer and ingot producer Riverside Metal Industries Pty Ltd., building on two acquisitions made in September.

A relative newcomer to the Australian scrap industry, CMA will pay Australian $5.5 million ($4 million) for privately owned Riverside through the issue of 3.9 million shares and A$2.5 million ($1.8 million) in cash, CMA announced Monday. The deal is subject to due diligence, which is expected to be....

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