SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Dealmakers

The Buyside:
Disney, Warner Bros. Seek Next-Gen YouTubes

Traditional Hollywood studios such as Disney and Warner Bros. are seeking next-generation YouTube content providers

The Buyside

Activist Investors Dig Into Mid Market
Spurred on by the high-profile success of Carl Icahn and others, a growing crop of firms is looking further downstream

Strategic Buyers: Reliance Steel Picks Up Metals USA

The $1.2B deal will give Reliance 48 more service centers

Reliance Steel & Aluminum Co. (NYSE: RS) is buying Metals USA Holdings Corp. (NYSE: MUSA) for about $1.2 billion.

The target, headquartered in Fort Lauderdale, Fla., produces heavy carbon steel, flat-rolled steel, non-ferrous metals and other building products.

Los Angeles-based Reliance process metals and distributes a line of more than 100,000 metal products.

Metals had about $2 billion in sales for 2012. The agreement is subject to a 30-day period where Metals can solicit other offers.

The deal will give Reliance 48 more service centers. The company expects to have annual sales of more than $10 billion after the transaction closes, which is expected to happen in the second quarter of 2013. 

 

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