Russel Metals (TSE:RUS) has released an update.
Russel Metals Inc. has announced a delay in finalizing its acquisition of seven service center locations from Samuel, Son & Co., Limited due to ongoing Competition Bureau reviews, which have raised concerns over specific products and geographies. The transaction, which is subject to customary closing conditions including Competition Act clearance, is now expected to extend beyond the second quarter of 2024. The company is actively working with the Competition Bureau to resolve the issues and proceed with the acquisition.
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