Universal Stainless To Be Acquired by Aperam In $45/Share All-Cash Deal
Portfolio Pulse from Benzinga Newsdesk
Universal Stainless is set to be acquired by Aperam in an all-cash deal valued at $45 per share, representing a 19% premium over the three-month volume-weighted average stock price. The acquisition will integrate Universal into Aperam, a leader in stainless and specialty steel solutions, while maintaining Universal's distinct U.S. identity.
October 17, 2024 | 5:40 am
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Universal Stainless (USAP) is being acquired by Aperam for $45 per share, a 19% premium over its recent average stock price. The acquisition will enhance Universal's capabilities and financial resources while maintaining its U.S. operations.
The acquisition by Aperam at a premium price is likely to positively impact USAP's stock in the short term as it provides immediate value to shareholders. The deal also promises to maintain the company's U.S. operations, which could reassure investors.
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