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Metals USA shareholders OK Reliance buy

Keywords: Tags  Reliance Steel & Aluminum, Metals USA Holding, merger agreement, stockholder approval, Corinna Petry


CHICAGO — Stockholders of Metals USA Holdings Corp. overwhelmingly approved the adoption of a merger agreement with Reliance Steel & Aluminum Co. during a special meeting April 10.

Subject to other conditions, Metals USA now expects the deal to close late April 12, which would also be its last day of trading on the New York Stock Exchange, the Fort Lauderdale, Fla.-based company said, noting that 99.9 percent of the votes cast—representing 87.3 percent of outstanding shares—were in favor of the proposed transaction.


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