Ryerson closes secondary offering and repurchases 1.5M shares for ~$53M

Ryerson Holding Corp

Underwritten secondary offering of 2,486,580 shares; sells no new shares and receives no proceeds.
Concurrent share repurchase of 1,513,420 shares from Platinum affiliate for ~$53M, funded with cash.
CFO notes increased float, >$120M returned to shareholders in past year including 70% dividend hike.
Company had retired $300M high-yield debt prior to this transaction.

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