Haynes international announces agreement to be acquired by north american stainless, a wholly owned subsidiary of acerinox

Haynes stockholders to receive $61.00 per share in cash, delivering significant and immediate value in connection with transaction, acerinox will invest an additional $200 million in u.s. operations, including $170 million in haynes' operations kokomo, ind., feb. 05, 2024 (globe newswire) -- haynes international, inc. (nasdaq gm:hayn) (“haynes” or the “company”) a leading developer, manufacturer and marketer of technologically advanced high-performance alloys, today announced it has entered into a definitive agreement to be acquired by north american stainless, a wholly owned subsidiary of acerinox, in an all-cash transaction valuing the company at an enterprise value of approximately $970 million and representing a multiple of 12.3x fiscal 2023 ebitda.
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