Steel Dynamics buying CSN Steel's Heartland operation for $400M [Seeking Alpha]
Steel Dynamics, Inc. (STLD)
Last steel dynamics, inc. earnings: 4/20 06:00 pm
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US:NASDAQ Investor Relations:
ir.steeldynamics.com/presentations
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Source: Seeking Alpha
Steel Dynamics buying CSN Steel's Heartland operation for $400MSteel Dynamics (NASDAQ:STLD) has adefinitive deal to acquire the Indiana-based Heartland flat roll operations from CSN Steel, a wholly owned subsidiary of Companhia Siderurgica Nacional (NYSE:SID).The transaction price comes at $400M in cash inclusive of $60M of normalized working capital -- what Steel Dynamics believes is current replacement value.It will expand annual flat roll shipping capacity to 8.4M tons, with total shipping capability growing to 12.4M tons.Corporate approvals have been received from all parties; the deal just needs regulatory approvals. It's expected to be wrapped before the end of Q3.The company expects the transaction to be accretive to near-term earnings and cash flow per share.Click to subscribe to real-time analytics on SIDNow read:Nemaska Lithium - Nearly Fully Charged On Capital Raise »
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STLD
News
- Steel Dynamics (STLD) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]Yahoo! Finance
- 20 Upcoming Dividend Increases To Finish Q1 [Seeking Alpha]Seeking Alpha
- Steel Dynamics (STLD) Scales 52-Week High: What's Driving It? [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics (STLD) Projects Higher Sequential Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- Steel Dynamics (STLD) Surpasses Market Returns: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
STLD
Earnings
- 1/23/24 - Miss
STLD
Sec Filings
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form DEF
- STLD's page on the SEC website