11
Sep
01:00
Metalico sale to Asian investment firm closes
The sale of US-based Metalico has been completed to Asian investment company Total Merchant Limited, Kallanish learns.
The $102 million transaction was “...overwhelmingly endorsed” by Metalico shareholders, who will receive $0.60/share of the common stock, the company says. The company was delisted from the New York Stock Exchange (NYSE) at the close of business on 11 September.
The company expects the sale will result in debt relief and…
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Very good overview of the weekly steel market.
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