** Radius Recycling's RDUS.O shares jump 110.5% to $28.75 in extended trade
** Recycled metal products maker says it will be acquired by the U.S. subsidiary of Toyota Tsusho in a $1.34 billion deal
** Toyota Tsusho America will acquire all RDUS shares for $30 apiece, a 119.6% premium to stock's last close
** Transaction expected to close in the second half of calendar year 2025
** Deal will bring together two companies focused on increasing recycling and reducing waste across the industrial, manufacturing, and retail sectors
** Upon deal close, RDUS will continue to operate from its current headquarters in Portland, Oregon
** As of last close, RDUS stock down 10.3% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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