February 6, 2013 / 1:45 PM / 5 years ago

Reliance Steel to buy Metals USA Holdings for $766 mln

Feb 6 (Reuters) - Metals processor Reliance Steel & Aluminum Co will buy Metals USA Holdings Corp for $766 million.

The $20.65 per share cash offer represents a 13 percent premium to Metals USA’s Tuesday close of $18.30 on the New York stock Exchange.

Metals USA, which had 37.1 million shares outstanding as of Nov. 1, is 53 percent owned by Apollo Global Management LLC .

The enterprise value of the deal was about $1.2 billion, the companies said.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below