Olympic Steel up on acquisition of Metal-Fab Inc

Olympic Steel

03/01/2023 17:55

** Olympic Steel Inc's shares  ZEUS.O  up 2.8% at $34.53
    ** ZEUS acquires sheet metal manufacturer Metal-Fab Inc for
$131 mln  urn:newsml:reuters.com:*:nBw2HxRv1a
    ** The purchase is expected to be immediately accretive -
ZEUS
    ** Co also increases the size of its asset-based revolving
credit facility to $625 mln from $475 mln 
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))