The Online Investor
Department Stores M&A image Department Stores M&A » By The Online Investor Staff, updated Tue., Mar. 19, 12:37 AM Recent mergers and acquisitions in the Department Stores M&A category.

Slide #22. Reliance Steel & Aluminum Co. Metals USA Holdings Corp.

Acquirer: Reliance Steel & Aluminum Co. (RS)
Acquiree: Metals USA Holdings Corp. (MUSA)
Details: Reliance Steel & Aluminum Co. (NYSE:RS) and Metals USA Holdings Corp. (NYSE:MUSA) today announced a definitive merger agreement whereby Reliance Steel & Aluminum Co. ("Reliance") will acquire all outstanding shares of Metals USA Holdings Corp. ("Metals USA") for $20.65 per share in cash, representing an enterprise value of approximately $1.2 billion. The transaction is expected to close in the second quarter of 2013. Metals USA's assets at December 31, 2012 and sales for the year then ended were approximately $1.0 billion and $2.0 billion, respectively. Upon completion of the acquisition, Reliance will have total assets of over $6.5 billion and annual sales of over $10.0 billion.

Reliance Steel & Aluminum is a metal solutions provider and a metals service center company in North America (U.S. and Canada). Co. provides metals processing services and distributes a line of metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products, to its customers in a range of industries, including general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industry. Co. also services the auto industry, primarily through its toll processing operations where it processes the metal for a fee, without taking ownership of the metal.

RS SEC Filing Email Alerts Service


Open the RS Page at The Online Investor »

Reliance Steel & Aluminum is a metal solutions provider and a metals service center company in North America (U.S. and Canada). Co. provides metals processing services and distributes a line of metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products, to its customers in a range of industries, including general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industry. Co. also services the auto industry, primarily through its toll processing operations where it processes the metal for a fee, without taking ownership of the metal.

RS SEC Filing Email Alerts Service


Open the MUSA Page at The Online Investor »

Company Name: 
Reliance Inc
Website: 
www.rsac.com
Sector: 
Non-Precious Metals & Non-Metallic Mining
Number of ETFs Holding RS: 
94
Total Market Value Held by ETFs: 
$3.91B
Total Market Capitalization: 
$18.33B
% of Market Cap. Held by ETFs: 
21.33%
Company Name: 
Murphy USA Inc
Stock buyback: 
MUSA buyback
Website: 
www.murphyusa.com
Sector: 
Department Stores
Number of ETFs Holding MUSA: 
75
Total Market Value Held by ETFs: 
$1.48B
Total Market Capitalization: 
$8.60B
% of Market Cap. Held by ETFs: 
17.23%
 

Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Department Stores M&A - Slide 22 of 27 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2024, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.