Reliance Steel Closes Deal for Continental Alloys

Forbes reports that Reliance Steel & Aluminum Co. (NYSE:RS) acquired the rest of Continental Alloys & Services Inc. and affiliated companies.

The market news is quoted as saying:

Reliance had announced the deal on July 14, but didn’t disclose the price. On Wednesday, it said the “transaction value” was $415 million, subject to certain adjustments.

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