Key Developments: Russel Metals Inc (RUS.TO)
26.54CAD
24 May 2013
$-0.08 (-0.30%)
$26.62
$26.50
$26.66
$26.50
61,097
182,751
$29.59
$23.61
Latest Key Developments (Source: Significant Developments)
Russel Metals Inc Declares Quarterly Dividend
Russel Metals Inc announced that the Board of Directors approved a quarterly dividend of $0.35 per common share payable June 14, 2013 to shareholders of record as of May 24, 2013. Full Article
Russel Metals Inc Declares Common Share Dividend
Russel Metals Inc announced that it has declared a dividend in the amount of CAD0.35 per share on its common shares, payable on March 15, 2013 to shareholders of record at the close of business on February 28, 2013. Full Article
Russel Metals Inc Announces Acquisition of Alberta Based Apex Distribution
Russel Metals Inc announced that it has closed the acquisition to acquire Apex Distribution Inc. and related companies. Apex Distribution is a Canadian oilfield supply company predominantly servicing the Western Canadian oil and gas industry and the Saskatchewan potash market. Full Article
Russel Metals Inc Declares Common Share Dividend
Russel Metals Inc announced that it has declared a dividend in the amount of CAD0.35 per share on its common shares, payable on December 17, 2012 to shareholders of record at the close of business on November 26, 2012. Full Article
Russel Metals Inc Announces Execution Of Apex Distribution Agreement
Russel Metals Inc announced that it has entered into an agreement to acquire Apex Distribution Inc. and related companies. The acquisition is expected to close in November 2012. The total purchase price will include a cash payment to shareholders, debt reduction and a five year earnout. The $225 million cash payment at closing will consist of approximately $175 million to shareholders and approximately $50 million to extinguish Apex Distribution's net debt. The earnout will be paid over five years based on earnings before interest and taxes and return on net assets. Full Article
Russel Metals Inc Enters Into Letter of Intent to Acquire Alberta Based Apex Distribution Inc
Russel Metals Inc announced that it has entered into a Letter of Intent with Apex Distribution Inc. pursuant to which Apex Distribution has agreed to deal exclusively with Russel Metals until October 31, 2012 and the parties have agreed to negotiate in good faith to enter into a definitive agreement for the acquisition by Russel Metals of Apex Distribution and related companies. The purchase price will consist of cash at closing and an earn out based on future earnings. Apex Distribution is a Canadian oilfield supply company servicing the energy segment in Western Canada. Terms of the transaction were not disclosed. Full Article
Russel Metals Inc Declares Common Share Dividend
Russel Metals Inc announced that it has declared a dividend in the amount of CAD0.35 per share on its common shares, payable on September 17, 2012 to shareholders of record at the close of business on August 27, 2012. Full Article
Russel Metals Inc Announces Acquisition Of Alberta Industrial Metals
Russel Metals Inc announced that they have signed an agreement to acquire Alberta Industrial Metals Ltd., a metals distribution and processing service center located in Red Deer, Alberta. The acquisition includes the operating assets and the land and buildings. The total purchase price was $30 million. Revenues are approximately $30 million. Full Article
Russel Metals Inc Declares common Share Dividend
Russel Metals Inc announced that it has declared a dividend in the amount of CAD0.35 per share on its common shares, an increase of 17% over the prior rate. The dividend is payable on June 15, 2012 to shareholders of record at the close of business on May 30, 2012. Full Article
Russel Metals Inc Announces Acquisition Of Siemens Laserworks
Russel Metals Inc announced that they have completed the acquisition of Siemens Laserworks Inc., a value-added laser processing company with trailing twelve months revenues of $33 million. The acquisition includes both the Saskatoon, Saskatchewan and Edmonton, Alberta operating assets and the Saskatoon land and buildings. The total purchase price was $27.5 million. Siemens Laserworks was founded in 1996 and provides high quality parts and assemblies to their customer base throughout the Prairies. Siemens Laserworks will operate under its trade name, as a division of Russel Metals Inc. The entire management team will remain in place, led by Shawn Henschel the current President and Chief Executive Officer of Siemens Laserworks. Full Article
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