12
Feb
19:27
Upstate Shredding makes bid for Fenix
New York-based Upstate Shredding has submitted a cash offer for Fenix Parts Inc, Kallanish learns from a company release.
Upstate is offering $0.50/outstanding share for the company, which has a stock price of $0.27/share as of 8 February.
“Fenix is in the business of automotive recycling and has many characteristics that are attractive to Upstate,” the company says. “As such, we are prepared to acquire all shares we do not currently own for…
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Very good overview of the weekly steel market.
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