Jefferies Capital signs agreement to buy Murray, merge it with Edgen

Dec 05, 2005 | 02:25 PM | Philip Burgert

Oil and gas industry pipe distributor Edgen Corp., Baton, Rouge, La., said its main shareholder, Jefferies Capital Partners, has agreed to buy Murray International Metals Ltd., Edinburgh, Scotland, and combine the specialty steel distributors.

Reports in Europe said New York-based Jefferies had agreed to pay about $200 million for Murray International Metals, which describes itself as Europe's largest specialist supplier of structural steel to the offshore construction and energy industry. The company is a unit of Murray International Holdings, whose chairman, David Murray, is also the chairman of the Glasgow Rangers soccer club.....

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