Haynes International - North American Stainless Deal Receives CFIUS Clearance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 28 2024
0mins
Source: NASDAQ.COM
- Haynes International Merger Update: Haynes International Inc. has received clearance from CFIUS for its planned merger with North American Stainless Inc.
- Regulatory Approvals Pending: The merger is still subject to regulatory approval from authorities in the UK and Austria.
- Expected Closure Date: The company anticipates the merger to be completed in the fourth quarter of 2024.
- Details of the Merger: Haynes International agreed to be acquired by North American Stainless, a subsidiary of Acerinox, for around $970 million in cash.
- Disclaimer: The expressed views and opinions in the article are those of the author and not necessarily reflective of Nasdaq, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
