Reliance Steel (RS) agrees to acquire Metals USA (MUSA) for $20.65/share, representing an...

|About: Reliance Steel & Aluminum Co. (RS)|By:, SA News Editor

Reliance Steel (RS) agrees to acquire Metals USA (MUSA) for $20.65/share, representing an enterprise value of ~$1.2B. The transaction is expected to be accretive immediately upon closing. MUSA +12.8% premarket.