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Ryerson Schedules Special Meeting for Approval of Merger
09/19/2007 - Ryerson will hold a special meeting of stockholders on October 17 to vote on a proposal to approve its merger with an affiliate of Platinum Equity.
Ryerson Inc. says it will hold a special meeting of stockholders on October 17, 2007 to vote on a proposal to approve its merger with an affiliate of Platinum Equity.
Ryerson’s acquisition will take place as part of a merger in which all outstanding shares of Ryerson common and preferred stock will be converted into the right to receive $34.50 per share in cash.
Stockholders of record as of the close of business on Friday, September 21, 2007 will be entitled to vote at the special meeting.
Completion of the transaction is subject to company stockholder approval of the merger (at the special meeting) and the satisfaction of the other closing conditions as set forth in the merger agreement.
Ryerson is a leading distributor and processor of metals in North America, with 2006 revenues of $5.9 billion. The company services customers through a network of service centers across the United States and in Canada, Mexico, India, and China.
