Radius recycling to be acquired by u.s. subsidiary of toyota tsusho corporation (ttc), accelerating investment in future growth

Radius recycling shareholders to receive $30.00 in cash per share, delivering significant value ttc's investments to accelerate radius recycling's growth strategies and strengthen resiliency ttc committed to honoring collective bargaining agreements and compensation and benefits programs for all radius recycling employees portland, ore., march 13, 2025 (globe newswire) -- radius recycling, inc. (nasdaq: rdus) (“radius” or the “company”) today announced that it has entered into a definitive merger agreement with toyota tsusho america, inc. (“tai”), a u.s. subsidiary of toyota tsusho corporation (8015.t) (“ttc”), under which tai will acquire all shares of radius for $30.00 per share in cash, representing an approximate 115% premium to radius' closing share price on march 12, 2025, and an approximate 102% premium over the 90-day volume-weighted average share price (vwap).
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