Universal Stainless & Alloy Products Merger Arbitrage Play [Seeking Alpha]
Universal Stainless & Alloy Products, Inc. (USAP)
Last universal stainless & alloy products, inc. earnings: 4/22 06:45 am
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US:NASDAQ Investor Relations:
univstainless.com
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Source: Seeking Alpha
3.47K Follower s Follow Summary Recommend buying Universal Stainless & Alloy Products, Inc. shares due to a 2.5% merger-arbitrage opportunity with Aperam's $45/share all-cash acquisition deal, expected to close in Q1 '25. USAP's strong aerospace sector growth and improved profitability, with aEBITDA margins rising from 8% in FY22 to 22% in Q2 '24, suggest $45/share may be a low acquisition price. Despite potential CFIUS review risks, USAP's limited national security impact and Aperam's lack of US operations make antitrust approval likely. Valuing USAP at $65/share based on industry outlook and profitability, I see a significant upside even if the deal doesn't close; Aperam shares are not recommended on a bearish EU outlook. pixhook/E+ via Getty Images Universal Stainless & Alloy Products, Inc. NASDAQ: USAP ) recently announced that it will be acquired by Aperam S.A. OTC:APEMY ), (APAM:AS) in an all-cash deal valued at $45/share. Given the price dispersion between USAP
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USAP
News
- USAP Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Universal Stainless & Alloy Products to AperamGlobeNewswire
- Universal Stainless Reports Record Sales and Net Income in Third Quarter of 2024GlobeNewswire
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Universal Stainless & Alloy Products Inc. - USAPPR Newswire
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Universal Stainless & Alloy Products Inc. – USAPGlobeNewswire
- UNIVERSAL STAINLESS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Universal Stainless & Alloy Products, Inc. - USAPBusiness Wire
USAP
Earnings
- 10/30/24 - Beat
USAP
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 4/A
- 11/22/24 - Form 4
- USAP's page on the SEC website