Reliance Steel (RS) to Acquire Metals USA (MUSA) for $20.65/Share

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Go back to Reliance Steel (RS) to Acquire Metals USA (MUSA) for $20.65/Share

Wells Fargo Downgrades Metals USA (MUSA) to Market Perform

February 7, 2013 9:20 AM EST

Wells Fargo downgraded Metals USA (NYSE: MUSA) from Outperform to Market Perform on pending RS takeover.

For an analyst ratings summary and ratings history on Metals USA click here. For more... More

Dahlman Rose Downgrades Metals USA (MUSA) to Hold on Pending RS Takeover

February 7, 2013 8:17 AM EST

Dahlman Rose downgraded Metals USA (NYSE: MUSA) from Buy to Hold on pending takeover by RS.

For an analyst ratings summary and ratings history on Metals USA click here. For more... More

Dahlman Rose Upgrades Reliance Steel & Aluminum (RS) to Buy on MUSA Deal

February 7, 2013 8:16 AM EST

Dahlman Rose upgraded Reliance Steel & Aluminum (NYSE: RS) from Hold to Buy with a price target of $89, following the acquisition of Metals USA.

"In acquiring MUSA, RS adds geographic and product breadth at a fair price," the firm said. We see the deal... More

Jefferies Downgrades Metals USA (MUSA) to Hold

February 7, 2013 7:15 AM EST

Jefferies downgraded Metals USA (NYSE: MUSA) from Buy to Hold with a price target of $20.65 (from $19.00) on pending takeover.

"With a higher offer unlikely to emerge in our view, a near zero likelihood that RS will be unable to complete the... More

Notable ETF Movers of the Day 02/06: (XME) Higher; (OIH) (IBB) Lower

February 6, 2013 3:48 PM EST

Gainers:

SPDR S&P Metals & Mining (NYSE: XME) gained 1.85 percent to 44.5. The spike higher comes in response to increased M&A activity in the space following the announcement of a $1.2 billion all... More