secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL STAINLESS & ALLOY PRODUCTS INC (—)
CIK:        0000931584
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0001193125-25-011290
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Stainless acquired by Aperam for $45.00 per share all-cash; stock delisted
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- Acquisition by Aperam S.A. completed on Jan 23, 2025; stockholders receive $45.00 per share cash.
- Universal becomes wholly owned subsidiary of Aperam; shares ceased trading on Nasdaq at close of Jan 23, 2025.
- Stockholders approved the transaction at a Special Meeting on Jan 15, 2025.
- Entire board of directors resigned; new directors (including Aperam CEO Timoteo Di Maulo) appointed.
- Credit facility with PNC Bank repaid and terminated in connection with closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/931584/000119312525011290/0001193125-25-011290-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/931584/000119312525011290/d861507d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-011290

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