Transaction Overview - Toyota Tsusho will acquire Radius Recycling to accelerate investment in future growth[1] - The transaction delivers significant, immediate cash value to Radius shareholders[8] - The purchase price is $3000 per share in cash[32] - This represents a premium of approximately 115% to Radius' closing share price on March 12, 2025[33] - It also represents a premium of approximately 102% over the 90-day VWAP of Radius common stock[33] - The implied total enterprise value is approximately $134 billion, including net debt[33] - The transaction is expected to close in the second half of calendar year 2025[32] Strategic Rationale - Radius Recycling generated $27 billion in revenue in 2024[12] - Toyota Tsusho generated $65 billion in revenue in 2024[18] - Toyota Tsusho will invest in the development of Radius' infrastructure and manufacturing capabilities across its operating sites[10] - Radius will operate as a wholly-owned subsidiary of Toyota Tsusho, retaining its teams, facilities, strategy, and brands[22]
Radius Recycling (RDUS) Earnings Call Presentation