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Monday, 03/09/2015 12:19:41 AM

Monday, March 09, 2015 12:19:41 AM

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Globe Specialty, FerroAtlantica enter $3.1B merger

Feb 23 2015, 07:41 ET | About: Globe Specialty Metals Inc. (GSM) | By: Carl Surran, SA News Editor

Metal producers Globe Specialty Metals (NASDAQ:GSM) and Grupo FerroAtlantica agree to merge through an all-stock transaction, forming a company with a combined enterprise value of $3.1B.
Grupo Villar Mir, the parent of FerroAtlantica, will own 57% of the new company and GSM shareholders will own the rest.
Almost 90% of GSM’s revenue comes from North America, while Madrid-based FerroAtlantica generates most of its sales in Europe.


http://seekingalpha.com/news/2316136-globe-specialty-ferroatlantica-enter-3_1b-merger?auth_param=ano5b:1aem7vf:2cbf9fbf888ef3d78add51f6b13a9939&uprof=45#email_link

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