U.K. regulator to investigate planned Acerinox-Haynes merger [Seeking Alpha]
ACERINOX SA UNSP/ADR (ANIOY)
NASDAQ:AMEX Investor Relations:
acerinox.com/en/accionistas-inversores
Company Research
Source: Seeking Alpha
International ( NASDAQ: HAYN ) and Acerinox ( OTCPK:ANIOY ) to determine whether the deal would substantially lessen competition in the country. Haynes ( HAYN announced in February it had agreed to be acquired by a unit of Spanish stainless steel maker Acerinox ( OTCPK:ANIOY ) in an all-cash deal valued at ~$970M; Haynes said Acerinox plans to invest an additional $200M into its U.S. operations as part of the merger deal, including $170M into Haynes' operations. In June , the acquisition received clearance from the Committee on Foreign Investment in the United States. The regulator said October 31 is the deadline for its phase 1 decision. Recommended For You More Trending News Recommended For You More Trending News About HAYN Stock Related Stocks Trending Analysis Trending News
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