Metals USA Holdings Corp. Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by Glancy Binkow & Goldberg LLP

Wed Feb 6, 2013 1:10pm EST

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LOS ANGELES--(Business Wire)--
Glancy Binkow & Goldberg LLP announces that it is investigating potential claims
against the Board of Directors of Metals USA Holdings Corp. ("Metals USA" or the
"Company") (NYSE: MUSA) related to the proposed acquisition of the Company by
Reliance Steel & Aluminum Co. The transaction is valued at approximately $766
million or $20.65 per share. 

This investigation concerns whether the Board of Directors of Metals USA
breached their fiduciary duties to stockholders by failing to adequately shop
the Company before agreeing to enter into the proposed transaction, and whether
the Company has disclosed all material information to shareholders about the
transaction. The Company has seen substantial recent growth. Its share price has
skyrocketed from $8.11 on October 3, 2011 to $18.59 on January 4, 2013. Further,
at least one analyst has set a target price for the Company`s stock at $21. 

If you are a shareholder of Metals USA, if you have information or would like to
learn more about our investigation, or if you wish to discuss these matters or
have any questions concerning this announcement or your rights or interests with
respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Binkow
& Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by
telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to
shareholders@glancylaw.com. 

This press release may be considered Attorney Advertising in some jurisdictions
under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP
Louis Boyarsky, Esquire
(310) 201-9150 or Toll Free at (888) 773-9224
shareholders@glancylaw.com

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