Little change expected after Sooner takeover

Sep 10, 2013 | 03:43 PM | Thorsten Schier

Tags  Sooner, OCTG, oil country tubular goods, Marubeni-Itochu Steel, MISI, Oil States International, Thorsten Schier

NEW YORK — Market sources are expecting little change at Sooner Inc. after its takeover by Japanese trading firm Marubeni-Itochu Steel Inc. (MISI).

"As long as the top people stay, I don’t see any major changes," one trader said following the announcement that MISI had reached an agreement to buy the U.S. oil country tubular goods distributor for $600 million (amm.com, Sept. 9).....





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