KES sale to Optima clears antitrust hurdle

Dec 05, 2012 | 05:20 PM | Michael Cowden

Tags  ALJ Regional Holdings, Kentucky Electric Steel, Optima Specialty Steel, mergers, acquisitions, Hart-Scott-Rodino, antitrust, Kevin Stevick special bar quality

CHICAGO — ALJ Regional Holdings Inc. has cleared one hurdle as it looks to sell special bar quality (SBQ) and merchant bar quality steel flats producer Kentucky Electric Steel LLC (KES) to Optima Specialty Steel Inc.
The Ashland, Ky.-based parent of KES said late Monday that the antitrust review period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired Friday. That expiration satisfies one of the closing conditions of the sale, ALJ....

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