A.M. Castle rebuffs Ryerson takeover move

Nov 01, 2012 | 02:22 PM | Corinna Petry

Tags  A.M. Castle, takeover, Ryerson, Platinum Equity, Brian P. Anderson, Scott Dolan, Michael H. Goldberg, Corinna Petry

CHICAGO — A.M. Castle & Co.’s board of directors has successfully fended off a possible takeover by rival Ryerson Inc. and Platinum Equity LLC, Ryerson’s largest shareholder.

Platinum Equity LLC filed a Schedule 13D form with the Securities and Exchange Commission on Aug. 20 disclosing that the Los Angeles-based investment firm, a number of its funds and Chicago-based Ryerson jointly owned nearly 1.4 million shares of Castle’s common stock – more than 6 percent of its outstanding shares—valued at $17.4 million.....

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