Reliance to buy Metals USA for $1.2B in cash
Feb 06, 2013 | 09:04 AM
|
Tags
Reliance Steel & Aluminum,
Metals USA,
steel,
distribution,
merger,
Lourenco Goncalves,
David Hannah
NEW YORK — Reliance Steel & Aluminum Co. will acquire competitor Metals USA Holdings Corp. for about $1.2 billion in cash, the companies announced jointly Feb. 6.
The transaction, which has been unanimously approved by both companies’ boards, is still subject to regulatory clearances and approval by Metals USA stockholders and includes a 30-day shopping period during which....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here