Posted in | News | Ferrous Alloys and Metals | Business | Iron and Steel

Republic Engineered Products Announce Purchase Offer

Oct 27 2003

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Republic Engineered Products who are currently undergoing Chapter 11 reorganisation under the US Bankruptcy Code have announced that they have received a purchase offer from Perry Strategic Capital.

Republic Engineered Products are one of the US’s leading suppliers of special bar quality steel.

Perry have tendered a purchase offer for all the assets of Republic Engineered Products. The offer is subject to higher offers. Republic are currently working on a December target to complete the transaction.

The estimated value of the sale to Perry including cash and the assumption of liabilities is in excess of US$225 million.

For more information on steel manufacture, click here.

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