Universal Stainless Stockholders Approve Acquisition by Aperam

Company Overview - Universal Stainless & Alloy Products, Inc. manufactures and markets semi-finished and finished specialty steels, including stainless steel, nickel alloys, and tool steel, serving industries such as aerospace, energy, and heavy equipment manufacturing [4] - Aperam is a global player in stainless, electrical, specialty steel, and recycling, organized into four primary operating segments: Stainless & Electrical Steel, Services & Solutions, Alloys & Specialties, and Recycling & Renewables [5] Acquisition Details - Universal's stockholders voted approximately 99% in favor of the merger with Aperam, representing about 68% of the total outstanding shares as of November 22, 2024 [2] - Under the merger agreement, Universal stockholders will receive $45.00 per share in cash for each share of Universal common stock they own prior to the merger [1] - The transaction is expected to close in Q1 2025, assuming all remaining closing conditions are satisfied [2]