Pritzker Organization in $1-billion deal for TMS

Aug 26, 2013 | 01:33 PM | Lisa Gordon

Tags  TMS International, Tube City IMS, Pritzker Organization, Onex, Tom Pritzker, Raymond Kalouche, I. Michael Coslov, Blue Point Capital Partners Wellspring Capital Management

PITTSBURGH — The Pritzker Organization will purchase TMS International Corp. in a $1-billion all-cash deal.

The transaction is expected to close in the fourth quarter following clearance under the Hart-Scott-Rodino Antitrust Improvements Act.

TMS stockholders will receive $17.50 in cash for each share, a 12.4-percent premium to the stock’s Aug. 23 closing price of $15.57 before the deal was announced.....





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