Reuters - Reliance Steel to Buy MUSA

Reliance Steel & Aluminum has forged a $766 million deal to buy Metals USA Holdings Corp, writes Reuters. Private equity firm Apollo Global Management owns about 53 percent of Metals USA, which went public in April 2010 at an initial offer price of $21.00. The $20.65 offer from Reliance is almost 2 percent below the IPO price, writes Reuters.

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