Radius Recycling, INC

Market Movers (8-K)

Toyota Tsusho America, Inc. has completed its acquisition of Radius Recycling, Inc., making Radius a wholly-owned subsidiary and delisting its common stock from Nasdaq.
Radius Recycling, Inc. announced it has received all necessary regulatory approvals, including CFIUS clearance, for its merger with Toyota Tsusho America, Inc., with closing anticipated on July 10, 2025.
Better than expected
Radius Recycling, Inc. announced significantly improved financial results for the third quarter of fiscal 2025, including a reduced net loss and positive adjusted EBITDA, while progressing towards its pending merger with Toyota Tsusho America, Inc.
Better than expected
Radius Recycling, Inc. announced significantly improved preliminary third-quarter fiscal 2025 financial results, including a reduced net loss and positive adjusted EBITDA, as it progresses towards its anticipated merger with Toyota Tsusho America, Inc. and amends its credit agreement.
Better than expected
Radius Recycling, Inc. shareholders have overwhelmingly approved the Agreement and Plan of Merger with Toyota Tsusho America, Inc., paving the way for the transaction to close in the second half of 2025.
Radius Recycling, Inc. announced the early termination of the Hart-Scott-Rodino Act waiting period, a key step forward in its planned merger with Toyota Tsusho America, Inc.

Quarterly Earnings (10-Q)

Radius Recycling, Inc. reported significantly improved financial results for the third quarter of fiscal 2025, driven by record nonferrous sales volumes and higher steel product sales, as the company progresses towards its acquisition by Toyota Tsusho America, Inc.
Better than expected
Delay expected
Radius Recycling reports break-even adjusted EBITDA for Q2 2025, impacted by softer market conditions, while the merger with Toyota Tsusho America, Inc. is expected to close in the second half of calendar year 2025.
Worse than expected
Radius Recycling's first quarter of fiscal 2025 saw a net loss of $37 million, impacted by lower steel prices and volumes, though partially offset by stronger nonferrous demand and cost reduction initiatives.
Worse than expected
Delay expected
Radius Recycling reported a significant net loss in the third quarter due to a $216 million goodwill impairment charge, overshadowing otherwise positive trends in nonferrous metal markets.
Worse than expected
Radius Recycling's second quarter results were significantly impacted by lower ferrous sales volumes, compressed recycled metal spreads, and lower finished steel prices, leading to a net loss.
Worse than expected
Delay expected

Annual Reports (10-K)

Radius Recycling, Inc. faced weaker market conditions and lower prices in fiscal year 2024, resulting in a net loss and decreased profitability.
Delay expected
Worse than expected

Insider Trading (Form 4)

Radius Recycling, Inc. has finalized its merger with Toyota Tsusho America, Inc., becoming a wholly-owned subsidiary with shareholders receiving $30.00 in cash per share.
Radius Recycling, Inc. has completed its previously announced merger with Toyota Tsusho America, Inc., resulting in all outstanding shares being converted into cash at $30.00 per share.
Radius Recycling, Inc. has completed its merger with Toyota Tsusho America, Inc., resulting in all outstanding shares being converted into cash at $30.00 per share.
Radius Recycling, Inc. has completed its previously announced merger with TAI Merger Corporation, a subsidiary of Toyota Tsusho America, Inc., resulting in Radius Recycling becoming a wholly-owned subsidiary and shareholders receiving $30.00 per share.
Radius Recycling, Inc. has completed its merger with TAI Merger Corporation, a subsidiary of Toyota Tsusho America, Inc., resulting in Radius Recycling becoming a wholly owned subsidiary.
Radius Recycling, Inc. has completed its merger with Toyota Tsusho America, Inc., becoming a wholly-owned subsidiary, with shareholders receiving $30.00 per share in cash.

Proxy Statements (Def-14A)

Radius Recycling shareholders are set to vote on a proposal to approve a merger agreement with Toyota Tsusho America, Inc., where shareholders will receive $30.00 per share in cash.
Radius Recycling enters into a definitive agreement to be acquired by Toyota Tsusho America for $30 per share in cash, marking a significant transaction in the recycling industry.
Radius Recycling, Inc. announces a proposed acquisition by Toyota Tsusho America, Inc., pending shareholder and regulatory approvals.
Radius Recycling, Inc. has entered into an agreement to be acquired by a U.S. subsidiary of Toyota Tsusho Corporation (TTC), with the transaction expected to close in the second half of calendar year 2025.
Toyota Tsusho America, Inc. will acquire Radius Recycling, Inc. for $30.00 per share in cash, representing a 115% premium to the closing share price on March 12, 2025.
Better than expected
Radius Recycling has announced an agreement to be acquired by a U.S. subsidiary of Toyota Tsusho Corporation (TTC), marking a significant step in advancing the circular economy.

Schedule 13D - Activist Investments

Magnetar Financial LLC and its affiliates have reported the cancellation of their 1,637,146 shares in Radius Recycling, Inc. following the company's merger, which converted each share into $30.00 in cash.
Magnetar Financial LLC and its affiliates have disclosed a 5.51% beneficial ownership in Radius Recycling, Inc., acquired with the intent to capitalize on the announced merger with Toyota Tsusho America, Inc.

Schedule 13G - Passive Investments

Alpine Associates Management Inc. has filed an amendment to its Schedule 13G, reporting zero beneficial ownership in Radius Recycling, Inc. as of a future event date.
Worse than expected
Ameriprise Financial, Inc. and its subsidiaries have filed an amendment to their Schedule 13G, reporting a 0.0% beneficial ownership stake in Radius Recycling, Inc.
State Street Corporation has reported a 5.6% beneficial ownership stake in Radius Recycling Inc., holding over 1.5 million shares as of June 30, 2025.
Alpine Associates Management Inc. has reported a 5.34% beneficial ownership stake in Radius Recycling, Inc.'s Class A securities.
BlackRock Portfolio Management LLC has filed an amended Schedule 13G, disclosing a 1.3% beneficial ownership stake in Radius Recycling, Inc. as of June 30, 2025.
Ameriprise Financial, Inc. and its affiliated entities have filed an amended Schedule 13G, disclosing beneficial ownership of 6.3% of Radius Recycling, Inc.'s Class A Common Stock as of March 31, 2025.