A PYMNTS Company

US: FTC grants early termination of waiting period for metal merger

By  |  March 11, 2013

Metals USA Holdings Corp. announced Monday that it has cleared a hurdle in finalizing its merger with Reliance Steel & Aluminum Co. and RSAC Acquisition Corp. According to Metals USA, the “go-shop” period has expired and that the Federal Trade Commission has granted early termination of the waiting period. Reports say Metals USA reserved the right to solicit additional acquisition bids from third parties until midnight on March 8; while 67 potential parties were contacted, none indicated interest during the go-shop period.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    Full Content: International Business Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.