Pritzker Organization to Buy TMS International in Deal Valued at $1 Bln
The Pritzker Organization has agreed to buy TMS International in a deal valued at about $1 billion, including debt. Terms of the deal call for Pritzker to pay $17.50 in cash for each share of TMS Class A common stock and Class B common stock. Pittsburgh-based TMS provides outsourced industrial services to steel mills in North America. Goldman Sachs Bank USA and J.P. Morgan are providing debt. The transaction is expected to close in the fourth quarter of 2013.
26 August 2013•6 mins read
