Wednesday, February 06, 2013 12:52 pm
News Summary: Reliance buying Metals USA
By The Associated Press
GO SHOP: The agreement includes a 30-day "go-shop" period that allows Metals USA to seek alternative bids from third parties. If Metals USA terminates its deal with Reliance to accept a third-party offer, Reliance will get an undisclosed breakup fee.
DEAL SEAL: The deal is expected to close in the second quarter. It still needs Metals USA shareholder approval.