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Olympic Steel, CTI enter agreement

July 2011 - Olympic Steel Inc., Cleveland, has entered a merger agreement with Chicago Tube and Iron Co., Romeoville, Ill. Under the agreement, Olympic Steel will acquire all outstanding common shares of CTI, and CTI will become a wholly owned subsidiary of Olympic Steel. The transaction purchase price is $150 million in cash plus assumption of $6 million of debt.


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REBUILD, REPLACE

An appeal by the president to spend on infrastructure reaches welcome ears across metals supply chain.

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