Metalico, Inc (MEA) - NYSEMKT
  • Jun. 16, 2015, 8:45 AM
    • 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."
    | Jun. 16, 2015, 8:45 AM | 32 Comments
Company Description
Metalico Inc processes ferrous and non-ferrous scrap metal. It operates in two distinct business segments: scrap metal recycling and lead metal product fabricating.
Industry: Steel & Iron
Country: United States