Shareholder Alert: The Ademi Firm investigates whether Olympic Steel Inc. is obtaining a Fair Price for its Public Shareholders

Core Viewpoint - The Ademi Firm is investigating Olympic Steel for potential breaches of fiduciary duty and other legal violations related to its transaction with Ryerson, which involves a share exchange that may not be in the best interest of shareholders [1][3]. Group 1: Transaction Details - Olympic Steel shareholders will receive 1.7105 Ryerson shares for each Olympic Steel share, resulting in them owning approximately 37% of the combined entity [2]. - Olympic Steel insiders are set to receive substantial benefits as part of change of control arrangements [2]. Group 2: Investigation Focus - The transaction agreement imposes significant penalties on Olympic Steel if it accepts competing bids, which raises concerns about the board's fulfillment of fiduciary duties to all shareholders [3].