TimkenSteel Announces Intent To Change Name To Metallus Inc.; Will Continue To Trade On The New York Stock Exchange Under Its New Ticker Symbol "MTUS", Effective February 27, 2024
Portfolio Pulse from Benzinga Newsdesk
TimkenSteel (NYSE:TMST) has announced it will change its name to Metallus Inc. and trade under the new ticker symbol 'MTUS' starting February 27, 2024. The rebranding reflects the company's legacy in steel production and its vision for the future, emphasizing profitable growth and leadership in high-performance metals. A new company website will also be launched in conjunction with the name change.
January 10, 2024 | 1:34 pm
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TimkenSteel, currently trading as TMST, will rebrand to Metallus Inc. and change its ticker to MTUS, reflecting its commitment to growth and industry leadership.
The name change to Metallus Inc. and the new ticker symbol could be perceived positively by the market as it signifies a strategic vision for growth and may attract investor interest. The rebranding could also potentially open up new partnerships and market opportunities, especially in the aerospace and defense sectors.
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