NAS: Alloy Manufacturer Haynes Gets Hitched: Scores 9% Premium In $970M Takeover Deal

Haynes International Inc (NASDAQ:HAYN) penned a deal to be acquired by North American Stainless, a wholly owned subsidiary of Acerinox SA (OTC:ACRXF), for an enterprise value of about $970 million. The all-cash transaction price represents a multiple of 12.3x fiscal 2023 EBITDA. As per the terms, North American Stainless will acquire all Haynes' outstanding shares for $61.00 per share in cash, reflecting a premium ...Full story available on Benzinga.com