Universal Stainless To Be Acquired by Aperam In $45/Share All-Cash Deal

Benzinga · 10/17 05:40
  • 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