TITLE

Metals USA Merger Back on Track

PUB. DATE
November 2005
SOURCE
Metal Center News;Nov2005, Vol. 45 Issue 12, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
19012947

 

Related Articles

  • Clark sells retail operations to focus on refining.  // National Petroleum News;Jun99, Vol. 91 Issue 6, p6 

    Reports on Clark USA Inc.'s announcement of a definitive agreement to sell its retail marketing operations to a company controlled by Apollo Management LP. Assets covered by the transaction; Clark's plan to focus its resources on its refining operations; Location of the company's petroleum...

  • Out of the Shadow. MacFadyen, Ken // Mergers & Acquisitions: The Dealermaker's Journal;Dec2010, Vol. 45 Issue 12, p36 

    The article offers information on the work and profile of Lance Milken, partner of Apollo Management LP. It mentions that Milken, who is a graduate from the University of Pennsylvania, prefers maintaining a low profile and his biggest achievement includes the 3.1 billion dollars acquisition of...

  • Claire's goes private and finds new owner.  // Value Retail News;May2007, Vol. 25 Issue 4, p19 

    The article reports on the acquisition of Florida-based retailer Claire's Store by New York-based equity firm Apollo Management. According to Claire's Stores, it has signed a definitive agreement with Apollo for a deal of just over $3 billion. Claire's sells low-cost costume jewelry and...

  • Apollo to Merge Momentive and Hexion. Coons, Rebecca // Chemical Week;9/20/2010, Vol. 172 Issue 22, p6 

    The article reports on the plan of New York-based private equity company Apollo Management to merge Momentive Performance Materials and Hexion to form one of the world's largest specialty chemical producer. Expected to close on October 1, 2010, the new company will be operated under Momentive...

  • Apollo lines up purchase of Citigroup arm.  // Estates Gazette;3/13/2010, Issue 1010, p37 

    The article reports on the planned acquisition by U.S.-based private equity firm Apollo Management of U.S.-based bank Citigroup's property private equity division Citi Property Investors.

  • Banks Shop $1B TL for Cedar Fair. Kellerhals, Richard // High Yield Report;1/25/2010, Vol. 21 Issue 4, p7 

    The article reports that a bank consortium has started marketing the one billion U.S. dollar term loan for Cedar Fair, the Sandusky, Ohio-based amusement park owner. Particular focus is given to the price structure of the deal. There is a plan to use proceeds from the deal in supporting the...

  • New Ownership Seeks to Strengthen Smart & Final. Zwiebach, Elliot // SN: Supermarket News;3/24/2008, Vol. 56 Issue 12, p1 

    The article reports on the efforts being undertaken by investment firm Apollo Management, the new owner of Smart & Final in Los Angeles, California, to strengthen the appeal of the non-membership warehouse chain. The efforts are paying off with better sales and increasing customer counts,...

  • One-Stop Stopping Point. Hoffman, William // Traffic World;10/16/2006, Vol. 270 Issue 42, p16 

    The article reports on the announcement of TNT of its sale of the logistics division to private equity investor Apollo Management. The separation of transportation-focused businesses from a logistics unit. The deal also mark as a change in how logistics companies view themselves and are viewed...

  • LNT pulls through 4Q, nears acquisition. Duff, Mike // DSN Retailing Today;1/23/2006, Vol. 45 Issue 2, p2 

    The article focuses on the debt financing requirements for the acquisition of Linen 'N Things (LNT) by Apollo Management. LNT should first report an increase of comparable store sales. The company has explained that previous quarterly performances were on the decline because of sales trends. LNT...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics