Universal Stainless announces completion of acquisition by Aperam

Universal Stainless & Alloy Products announced the completion of its previously-announced acquisition by Aperam pursuant to which Universal stockholders are entitled to receive $45.00 per share of Universal’s common stock in the all-cash transaction. The Acquisition was announced on October 17, 2024 and was approved by Universal stockholders at a Special Meeting held on January 15, 2025. With completion of the Acquisition, Universal has become a wholly-owned subsidiary of Aperam and the shares of Universal common stock, previously traded under the symbol USAP, have ceased trading on the NASDAQ Stock Market.