Ryerson sets meeting date for merger vote

By Lisa Kerner

Charlotte, N.C., Sept. 18 - Ryerson Inc. stockholders will vote on the company's merger with Platinum Equity LLC at a special meeting at 9 a.m. ET on Oct. 17.

The record date for the meeting is Sept. 21, according to a company news release.

On July 24, Ryerson agreed to be acquired by Platinum Equity in a $2 billion transaction that will take the company private. Under the companies' previously reported definitive agreement, an affiliate of the Beverly Hills, Calif.-based private equity firm will acquire all of the outstanding shares of Ryerson common and convertible preferred stock for $34.50 per share in cash.

The transaction is expected to close in the fourth quarter.

Ryerson is a Chicago-based metal processor.

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