Aperam has entered into a definitive agreement to acquire Universal Stainless & Alloy Products, Inc. for $45 per share in an all-cash transaction, valuing the deal at approximately $539 million. This acquisition represents a 3.6% premium over Universal Stainless's recent share price. In a separate transaction, Zuora, Inc. is set to be acquired by Silver Lake and GIC for $10.00 per share, reflecting an 18.1% premium and a total valuation of $1.7 billion. Additionally, Rio Tinto has agreed to purchase Arcadium Lithium plc for $6.7 billion in an all-cash deal. Shareholder investigations are underway for both Zuora and Universal Stainless to determine if the acquisition prices are fair for public shareholders.
USAP Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Universal Stainless & Alloy Products, Inc. Is Fair to Shareholders https://t.co/MTfcth4zIC https://t.co/3lEGnSjyH0
ZUO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Zuora, Inc. Is Fair to Shareholders https://t.co/iJsKmVdKIY https://t.co/VHARDOHLEW
Mining giant Rio Tinto has agreed to purchase Arcadium Lithium plc for $6.7 billion in an all-cash transaction. Plus more in our roundup. https://t.co/f2ke3aWsJ3