Metals USA Merger Back on Track

November 2005
Metal Center News;Nov2005, Vol. 45 Issue 12, p12
Trade Publication
The article reports on the aversion of the potential roadblock to the announced merger between Metals USA Inc. and private investment management firm Apollo Management LP in Houston, Texas. Metals USA shareholders had agreed to a $22 per share all-cash offer from Apollo in mid-October. But at a conference call with investors discussing the company's third-quarter performance later in the month, Metals USA President and CEO C. Lourenco Goncalves admitted that his company had failed to meet one of the conditions of the agreement.


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