Toyota Tsusho America to Acquire Radius Recycling in $1.34 Billion Deal

Reuters

昨天

Recycled metal products maker Radius Recycling said on Thursday it had entered into a definitive merger agreement with Toyota Tsusho America, a U.S. subsidiary of Japanese trading house Toyota Tsusho Corp 8015.T.

Toyota Tsusho America will acquire all shares of Radius for $30 per share in cash, representing a nearly 120% premium to the stock's last close on Thursday and implying a total enterprise value of about $1.34 billion.

Shares of Radius Recycling had more than doubled to $28.5 in overnight trading.

Radius seeks to gain from TTC's financial strength and recycling technology and expand into the automotive market with its experience in the sector, following the merger, the company said in a statement.

The transaction is expected to close in the second half of 2025.

For Radius, Goldman Sachs is the lead financial advisor and J.P.Morgan Securities is the co-advisor. Mizuho Securities advised Toyota Tsusho.

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Mizuho Securities advised Toyota Tsusho.</p><p></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toyota Tsusho America to Acquire Radius Recycling in $1.34 Billion Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToyota Tsusho America to Acquire Radius Recycling in $1.34 Billion Deal\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-03-14 09:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><head></head><body><p>Recycled metal products maker <a href=\"https://laohu8.com/S/RDUS\">Radius Recycling</a> said on Thursday it had entered into a definitive merger agreement with Toyota Tsusho America, a U.S. subsidiary of Japanese trading house Toyota Tsusho Corp 8015.T.</p><p>Toyota Tsusho America will acquire all shares of Radius for $30 per share in cash, representing a nearly 120% premium to the stock&#39;s last close on Thursday and implying a total enterprise value of about $1.34 billion.</p><p>Shares of Radius Recycling had more than doubled to $28.5 in overnight trading.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ffdb092bac6c36435492992e6b415456\" title=\"\" tg-width=\"413\" tg-height=\"398\"/></p><p>Radius seeks to gain from TTC&#39;s financial strength and recycling technology and expand into the automotive market with its experience in the sector, following the merger, the company said in a statement.</p><p>The transaction is expected to close in the second half of 2025.</p><p>For Radius, Goldman Sachs is the lead financial advisor and J.P.Morgan Securities is the co-advisor. Mizuho Securities advised Toyota Tsusho.</p><p></p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4006","symbol_name":"鋼鐵","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250313:nL4N3PW1OX:1","article_id":"2519187860","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2519187860","pubTimestamp":1741916885,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"UPDATE 2-Toyota Tsusho America to acquire Radius Recycling in $1.34 billion dealAdds details on deal in paragraphs 4-6March 13  - Recycled metal products maker Radius Recycling RDUS.O said on Thursday it had entered into a definitive merger agreement with Toyota Tsusho America, a U.S. subsidiary of Japanese trading house Toyota Tsusho Corp  8015.T.Toyota Tsusho America will acquire all shares of Radius for $30 per share in cash, representing a nearly 120% premium to the stock's last close on Thursday and implying a total enterprise value of about $1.34 billion.Shares of Radius Recycling had more than doubled to $28.52 in extended trading.Radius seeks to gain from TTC's financial strength and recycling technology and expand into the automotive market with its experience in the sector, following the merger, the company said in a statement.The transaction is expected to close in the second half of 2025.For Radius, Goldman Sachs is the lead financial advisor and J.P.Morgan Securities is th","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4006":"钢铁","BK4139":"生物科技","RDUS":"Radius Recycling"},"translate_title":"丰田通商美国公司将以13.4亿美元收购Radius Recycling","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RDUS":0.9},"content_text":"Recycled metal products maker Radius Recycling said on Thursday it had entered into a definitive merger agreement with Toyota Tsusho America, a U.S. subsidiary of Japanese trading house Toyota Tsusho Corp 8015.T.Toyota Tsusho America will acquire all shares of Radius for $30 per share in cash, representing a nearly 120% premium to the stock's last close on Thursday and implying a total enterprise value of about $1.34 billion.Shares of Radius Recycling had more than doubled to $28.5 in overnight trading.Radius seeks to gain from TTC's financial strength and recycling technology and expand into the automotive market with its experience in the sector, following the merger, the company said in a statement.The transaction is expected to close in the second half of 2025.For Radius, Goldman Sachs is the lead financial advisor and J.P.Morgan Securities is the co-advisor. 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