Russel Metals to buy oilfield supply firm Apex Distribution
Oct 25, 2012 | 05:25 PM
| Corinna Petry
CHICAGO North American service center operator Russel Metals Inc. has agreed to purchase oilfield supplier Apex Distribution Inc. for Canadian $225 million ($226.2 million).
Russel Metals will acquire Edmonton, Alberta-based Apex and related companies and expects to close the deal next month. The total purchase price will include a C$175-million ($176-million) cash payment to shareholders and C$50 million ($50.3 million) to extinguish Apex Distributions net debt.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.