Brief: Worthington Industries To Purchase Electrical Steel Company Tempel Steel

Worthington Enterprises

01/11/2021 13:30

Nov 1 (Reuters) - Worthington Industries Inc  WOR.N :
    * WORTHINGTON INDUSTRIES TO PURCHASE ELECTRICAL STEEL
COMPANY
TEMPEL STEEL
    * WORTHINGTON INDUSTRIES INC SAYS ITS STEEL PROCESSING
SEGMENT HAS
SIGNED AN AGREEMENT TO ACQUIRE TEMPEL STEEL COMPANY
    * WORTHINGTON INDUSTRIES INC - TRANSACTION IS EXPECTED TO
CLOSE IN
DECEMBER 2021 WITH A PURCHASE PRICE OF ABOUT $255 MILLION
    * WORTHINGTON INDUSTRIES - TEMPEL GENERATED NET REVENUE OF
ABOUT
$377 MILLION  FOR TRAILING TWELVE MONTHS ENDED SEPT. 30, 2021

Source text for Eikon:  ID:nGNX76mpQf 
Further company coverage:  WOR.N 

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