Ryerson's principal shareholder sells 3.5M shares; company to repurchase $47.7M of stock

Ryerson Holding Corp

Platinum Equity affiliate offers 3.5M shares in secondary; Ryerson receives no proceeds.
Ryerson agrees to buy 1,613,022 shares directly from selling stockholder for ~$47.7M cash.
Both transactions expected to close May 13, 2022; J.P. Morgan sole underwriter.
Share repurchase funded with cash on hand; closing of offering not conditioned on repurchase.

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