Toyota Tsusho America to acquire Radius Recycling in $1.34 billion deal
13/03/2025 21:45
March 13 (Reuters) - Recycled metal products maker Radius Recycling RDUS.O said on Thursday it had entered into a definitive merger agreement with Toyota Tsusho America, a U.S. subsidiary of Toyota Tsusho Corp 8015.T. Toyota Tsusho America will acquire all shares of Radius for $30 per share in cash, implying a total enterprise value of about $1.34 billion. (Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Mohammed Safi Shamsi) ((Aatreyee.Dasgupta@thomsonreuters.com;))
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