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Commercial Metals Company To Review Unsolicited Letter From Icahn Enterprises LP's Chairman Carl Icahn


Monday, 28 Nov 2011 12:46pm EST 

Commercial Metals Company confirmed that it has seen an open letter released to the press by Icahn Enterprises LP's Carl Icahn proposing to acquire all outstanding common shares of Commercial Metals Company at a price of $15.00 per share. Commercial Metals Company's Board of Directors, in consultation with its independent financial and legal advisers, will review the letter and determine a response that is in the best interests of the Company and its stockholders. The Company noted that Icahn's letter did not constitute a formal offer and, as such, stockholders do not need to take any action. Goldman, Sachs & Co. is serving as financial adviser, and Sidley Austin LLP is legal adviser. 

Company Quote

11.62
-0.06 -0.51%
1 Jun 2012