other material
confidence high
sentiment neutral
materiality 0.60
Ryerson significant shareholder (Platinum Equity affiliate) launches secondary offering of 4M shares
Ryerson Holding Corp
- Significant shareholder affiliate of Platinum Equity LLC offers 4,000,000 shares of Ryerson common stock.
- Ryerson receives no proceeds; all net proceeds go to the selling stockholder.
- J.P. Morgan acts as sole underwriter; offering expected to close on August 8, 2023.
- Offering made under effective shelf registration statement; prospectus supplement available.