Aperam S.A. / Mot-clé(s) : Autres
Universal Stainless and Alloys Products Stockholders Approve
Acquisition by Aperam
15-Jan-2025 / 22:29 CET/CEST
Universal Stainless and Alloys Products
Stockholders Approve Acquisition by Aperam
Luxembourg 15th,
January 2025 (22:30 CET) - Aperam S.A.
(Aperam), a global leader in stainless, specialty steel solutions
and recycling, and Universal Stainless, a premier supplier in the
aerospace and industrial sectors in the USA, are pleased to
announce that the stockholders of Universal Stainless & Alloy
Products, Inc. (Nasdaq:USAP) (“Universal” or the “Company”) have
voted at a special meeting of Universal stockholders to approve the
Company’s pending acquisition by Aperam S.A. Under the terms of the
merger agreement governing the proposed acquisition, Universal
stockholders are entitled to receive $45.00 per share in cash for
every share of Universal common stock they own immediately prior to
the effective time of the merger.
At the Special Meeting, approximately 99%
of the shares voted were voted in favor of the merger, which
represented approximately 68% of the
total outstanding shares of Universal common stock as of November
22, 2024, the record date for the Special Meeting.
Assuming the fulfillment of remaining closing conditions, the
transaction is expected to close in Q1 2025.
About
Aperam
Aperam is a global player in stainless, electrical, specialty
steel and recycling, with customers in over 40 countries. The
business is organised in four primary operating segments: Stainless
& Electrical Steel, Services & Solutions, Alloys &
Specialties and Recycling and Renewables.
Aperam has a flat Stainless and Electrical steel capacity of
2.5 million tonnes in Brazil and Europe and is a leader in high
value specialty products. In addition to its industrial network,
spread over six production facilities in Brazil, Belgium and
France, Aperam has a highly integrated distribution, processing and
services network and a unique capability to produce stainless and
special steels from low cost biomass (charcoal made from its own
FSC-certified forestry). For
further information, please refer to our website at
www.aperam.com
About Universal
Stainless & Alloy Products
Universal Stainless & Alloy Products, established in 1994
and headquartered in Bridgeville, PA, manufactures and markets
semi-finished and finished specialty steels, including stainless
steel, nickel alloys, tool steel and certain other alloyed steels.
Universal's products are used in a variety of industries, including
aerospace, energy, and heavy equipment manufacturing. More
information is available at www.univstainless.com.
Contact
Investor Relations / Thorsten
Zimmermann: IR@aperam.com
Communication
/ Ana Escobedo Conover: Ana.Escobedo@aperam.com
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