Carl Icahn goes hostile with his $1.73B bid to buy Commercial Metals (CMC), saying he intends to...

|About: Commercial Metals Company (CMC)|By:, SA News Editor

Carl Icahn goes hostile with his $1.73B bid to buy Commercial Metals (CMC), saying he intends to initiate a tender offer for all the company's outstanding common shares at $15 a piece. The move comes a day after the metals recycler rejected Icahn's advances. CMC +0.5% at $14.16 premarket.