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Metalico to be purchased by Total Merchant in $87M deal

Jun. 16, 2015 8:45 AM ETMetalico, Inc (MEA) StockBy: Carl Surran, SA News Editor32 Comments
  • Scrap metal recycler Metalico (NYSEMKT:MEA) +43.2% premarket agreeing to be acquired by Total Merchant Ltd. in a deal valued at ~$87M, including debt.
  • The all-cash deal will include a payment to MEA stockholders of $0.60/share of MEA owned by them as of the date of closing, which is expected in Q3.
  • Just last month, Hawkinvest wrote that MEA "could have significant upside due to a buyout offer or possible asset sale."

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