Aperam to acquire Universal for $45 per share in all-cash deal
Views : 118
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.
