M&A
confidence high
sentiment neutral
materiality 0.85
Ryerson to acquire Olympic Steel in all-stock merger; exchange ratio 1.7105 Ryerson shares per Olympic share
Ryerson Holding Corp
- Each Olympic share to be converted into 1.7105 Ryerson shares; cash for fractional shares.
- Olympic CEO Richard Marabito to become Ryerson President & COO; Michael Siegal to become Board Chair.
- Merger expected to close by April 28, 2026, subject to shareholder and regulatory approvals.
- Termination fee of $15M payable by either party under certain circumstances.
- Ryerson board to expand to 11 with four Olympic director nominees.