Global Brass and Copper bought by Wieland-Werke for $44/share

|About: Global Brass and Copper Hol... (BRSS)|By:, SA News Editor

Global Brass and Copper (NYSE:BRSS) +26.3% pre-market after agreeing to be acquired by privately held Wieland-Werke AG for $44/share in cash, representing a 27% premium to yesterday's closing price.

BRSS says the deal "brings together two highly complementary companies with diverse product offerings across copper and copper alloy strip and sheet, rod, foil, wire, tube and fabricated components."

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