BUZZ-Radius Recycling more than doubles on $1.3 billion buyout deal with Toyota Tsusho America

Reuters
Yesterday
BUZZ-<a href="https://laohu8.com/S/RDUS">Radius Recycling</a> more than doubles on $1.3 billion buyout deal with Toyota Tsusho America

** 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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