Nucor Announces Skyline Buyout
Steelmaker Nucor Corporation (NYSE:NUE) has announced that it is going to acquire Skyline Steel, a leading steel foundation distributor, and its subsidiaries from ArcelorMittal (NYSE:MT) for roughly $605 million. Nucor has penned a Stock Purchase Agreement for buying out the membership interests of Skyline Steel from ArcelorMittal. Following the deal closure, Skyline Steel will be [...]
Steelmaker Nucor Corporation (NYSE:NUE) has announced that it is going to acquire Skyline Steel, a leading steel foundation distributor, and its subsidiaries from ArcelorMittal (NYSE:MT) for roughly $605 million. Nucor has penned a Stock Purchase Agreement for buying out the membership interests of Skyline Steel from ArcelorMittal. Following the deal closure, Skyline Steel will be Nucor’s wholly owned subsidiary and will function out of its existing headquarters in Parsippany, New Jersey.
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