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

By  |  March 11, 2013
US: FTC grants early termination of waiting period for metal merger

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.

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