Aperam Approves Acquisition of Universal Stainless

Aperam SA, a global player in the stainless steel and specialty solutions sector, announced that the shareholders of Universal Stainless & Alloy Products have approved its acquisition by Aperam. Universal Stainless, a leading supplier to the U.S. aerospace industry, will receive $45 per share in the transaction. At a special meeting, approximately 99% of the votes cast were cast in favor of the merger, representing 68% of the Company’s outstanding shares as of November 22, 2024. The transaction is expected to close in the first quarter of 2025, subject to the satisfaction of remaining conditions.