Pritzker family to buy TMS International for $687 mln

Mon Aug 26, 2013 7:23am EDT

Aug 26 (Reuters) - The Pritzker family will buy scrap metal broker TMS International Corp for about $687 million in cash.

The offer of $17.50 represents a premium of about 12 percent to TMS's Friday close of $15.57.

Chicago's Pritzkers control Hyatt Hotels, Triton Container and the Marmon Group.