Radius Recycling more than doubles on $1.3 billion buyout deal with Toyota Tsusho America
ReutersMar 13, 2025 10:01 PM
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
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