Department Stores M&A » By The Online Investor Staff, updated Tue., Apr. 20, 4:14 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 metals service center company. 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 (including infrastructure), transportation (rail, truck trailer and shipbuilding), aerospace and defense, energy (oil and gas), electronics and semiconductor fabrication, and heavy industry (agricultural, construction and mining equipment). Co. also services the auto industry, primarily through its toll processing operations.
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Reliance Steel & Aluminum is a metals service center company. 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 (including infrastructure), transportation (rail, truck trailer and shipbuilding), aerospace and defense, energy (oil and gas), electronics and semiconductor fabrication, and heavy industry (agricultural, construction and mining equipment). Co. also services the auto industry, primarily through its toll processing operations.
RS SEC Filing Email Alerts Service
Open the MUSA Page at The Online Investor »
| Company Name: |
| Murphy USA Inc |
| Stock buyback: |
| MUSA buyback |
| Website: |
| www.murphyusa.com |
| Sector: |
| Department Stores |
| Number of ETFs Holding MUSA: |
| 60 |
| Total Market Value Held by ETFs: |
| $695.60M |
| Total Market Capitalization: |
| $3.85B |
| % of Market Cap. Held by ETFs: |
| 18.05% |
|
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