On May 14, CMA Informed Haynes International That It Will Be Conducting Formal Investigation Of Transaction With North American Stainless; Now Expects Merger Will Close In Q4 Of 2024
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The CMA has informed Haynes International that it will be conducting a formal investigation into its transaction with North American Stainless. The merger is now expected to close in Q4 of 2024.
May 17, 2024 | 8:36 pm
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The CMA's formal investigation into Haynes International's transaction with North American Stainless may delay the merger, now expected to close in Q4 2024.
The formal investigation by the CMA introduces regulatory uncertainty, which could delay the merger process. However, the expectation of a Q4 2024 closure provides a timeline, mitigating some immediate concerns.
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