Industry News

Aperam to acquire Universal for $45 per share in all-cash deal

Views : 40
Update time : 2024-10-18 16:18:44
Aperam, a stainless steel manufacturer headquartered in Luxembourg, has signed a definitive agreement to acquire Universal Stainless & Alloy Products, Inc. (Universal), a leading US producer of specialty steel products for aerospace and industrial applications, for $45.00 per share in an all-cash transaction.

The transaction values Universal at an enterprise value of around US$539 million.

This transaction has been unanimously approved by the board of directors of both Aperam and Universal. It was expected to close in the first half of 2025, subject to a majority vote of Universal’s shareholders, regulatory approvals, and other customary closing conditions.

After the deal is completed, Universal will continue to operate business as Universal Stainless and retain its headquarters in Bridgeville, Pennsylvania.
Related News
Read More >>
Shanghai Metals Market repeats witness on aluminium and alumina prices going opposite directions Shanghai Metals Market repeats witness on aluminium and alumina prices going opposite directions
Dec .23.2024
Shanghai Metals Market repeats witness on aluminium and alumina prices going opposite directions
Aluminium prices rise across the board on SMM, defying previous week’s declining trend Aluminium prices rise across the board on SMM, defying previous week’s declining trend
Dec .23.2024
Aluminium prices rise across the board on SMM, defying previous week’s declining trend
World primary aluminium production poised to outstrip 2023 record, reaching 66.522 million tonnes by November 2024 World primary aluminium production poised to outstrip 2023 record, reaching 66.522 million tonnes by November 2024
Dec .23.2024
World primary aluminium production poised to outstrip 2023 record, reaching 66.522 million tonnes by November 2024
Å Energi inks deal to supply power to Hydro's Norwegian aluminum plants for 10 years Å Energi inks deal to supply power to Hydro's Norwegian aluminum plants for 10 years
Dec .23.2024
Å Energi inks deal to supply power to Hydro's Norwegian aluminum plants for 10 years