Universal Stainless To Be Acquired by Aperam In $45/Share All-Cash Deal
Author: Benzinga Newsdesk | October 17, 2024 12:40am
Universal stockholders to receive $45.00 per share in cash, a 19% premium to three-month volume-weighted average stock price; 10.6x trailing 12-month Adjusted EBITDA
Universal to become part of leader in stainless, specialty steel solutions and recycling, with complementary capabilities and strong financial resources
Universal to maintain distinct U.S. identity; team and operations to remain intact