Acerinox to Buy Haynes International in $970 Million Deal [MarketWatch]
ACERINOX SA UNSP/ADR (ANIOY)
NASDAQ:AMEX Investor Relations:
acerinox.com/en/accionistas-inversores
Company Research
Source: MarketWatch
Haynes on Monday said its investors will receive $61 a share in cash under the deal, an 8.7% premium to Friday's closing price of $56.11 for the Kokomo, Ind., alloy maker. Advertisement Haynes said Acerinox plans to invest an additional $200 million into its U.S. operations as part of the transaction, including $170 million into Haynes' operations. The deal is slated to close in the third calendar quarter of 2024. Write to Colin Kellaher at colin.kellaher@wsj.com
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