real-time news and commentary for investors
Monday, Aug 26
TMS confirms sale to Pritzker family
- As flagged, The Pritzker Organization (TPO) has agreed to acquire TMS International in a deal worth $1B, including refinanced 3rd-party debt.
- TPO's offer of $17.50 a share for the provider of procurement and other services to steel mills represents a premium of about 12% to TMS's close of $15.57 on Friday.
- TPO is paying $687M for TMS. (PR)