24
Mar
13:48
US tube producer defends against hostile takeover
Specialty steel tubing and chemical producer Synalloy Corporation is trying to fend off a hostile takeover by two investment firms, Kallanish reports.
A coalition made up of Privet Fund Management and UPG Enterprises plan to nominate five directors during the company’s 2020 shareholder meeting, which would effectively allow the investment firms to seize control of the company’s board. The meeting date has not yet been announced.
Synalloy s…
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Anonymous
Very good overview of the weekly steel market.
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