.jpg?lang=en-US&ext=.jpg)
Chaparral Steel Initiates Review of Strategic Alternatives
04/26/2007 - Chaparral Steel’s Board of Directors has initiated a review of strategic alternatives, and has retained Goldman, Sachs & Co. to assist in the review.
Chaparral Steel Co.’s Board of Directors has initiated a review of strategic alternatives, and has retained Goldman, Sachs & Co. to assist in the review.
As part of the process, Chaparral says it will consider the full range of possible alternatives, which could include strategic partnerships, mergers, acquisitions, sale or recapitalizations.
The company also stated that there can be no assurance that this process will result in a transaction. The company does not intend to disclose developments regarding its exploration of strategic alternatives unless and until its Board of Directors approves a definitive transaction.
"The company will only pursue transactions that reflect the full value of this great company," stated Tommy A. Valenta, President and CEO. "To capture that value, all strategic alternatives will be considered."
Headquartered in Midlothian, Texas, Chaparral Steel is the second-largest producer of structural steel beams in North America and a leading North American recycling company. The company also supplies steel bar products.
