Aperam Universal acquisition, stainless steel industry merger, Aperam stainless solutions, Universal Stainless aerospace supplier, USD 45 per share merger, steel industry acquisitions 2025, Universal stockholder vote, stainless steel market expansion
Aperam S.A., a global leader in stainless steel, specialty steel solutions, and recycling, has announced a major milestone in its planned acquisition of Universal Stainless & Alloy Products, Inc. Stockholders of Universal Stainless recently voted overwhelmingly in favor of the merger agreement at a special meeting, with 99% of the shares cast supporting the deal. This accounted for approximately 68% of the total outstanding shares of Universal common stock.
Under the terms of the agreement, Universal stockholders will receive USD 45.00 per share in cash for each share of Universal common stock they own immediately prior to the merger’s effective date. The transaction, valued for its strategic alignment between Aperam and Universal, is anticipated to close in the first quarter of 2025, subject to the fulfillment of remaining conditions.
This acquisition reflects Aperam’s commitment to expanding its global footprint and strengthening its position in the stainless steel and specialty steel markets, including critical sectors such as aerospace and industrial manufacturing.