RYI News & Events

Ryerson Holding (RYI) and Olympic Steel ( ZEUS) together announce that they have successfully merged as of today. Ryerson is issuing 1.7105 shares of Ryerson common stock for every share of Olympic Steel common stock, after which former shareholders of Olympic Steel will hold approximately 37% of Ryerson. As of February 24, the company will trade on the New York Stock Exchange as Ryerson Holding Corporation under the ticker "RYZ," which will honor both companies' former tickers and reflect the unification of their respective legacies and go-forward mission.

Ryerson Holding (RYI) and Olympic Steel (ZEUS) announced that the shareholders of Olympic Steel and the stockholders of Ryerson have approved the merger and the related issuance of Ryerson stock, respectively, at their respective Special Meetings. As a result, the closing of the merger is expected to occur on February 13, subject to the satisfaction of the remaining customary closing conditions. Shares of Olympic Steel will cease trading on February 13, and following the closing, Olympic Steel will no longer be listed on the NASDAQ exchange. Under the terms of the merger agreement, upon the closing of the transaction, Olympic Steel will merge with Ryerson on the terms set forth in the merger agreement and Olympic Steel shareholders will be entitled to receive 1.7105 shares of Ryerson common stock per share of Olympic Steel common stock.