Universal Stainless & Alloy Products INC
Market Movers (8-K)
Universal Stainless & Alloy Products, Inc. has been acquired by Aperam S.A. for $45.00 per share in an all-cash transaction, marking the completion of the merger announced on October 17, 2024.
Universal Stainless & Alloy Products, Inc. announced record net sales and net income for the third quarter of 2024, driven by strong aerospace demand.
Better than expected
Universal Stainless & Alloy Products has agreed to be acquired by Aperam for $45 per share in an all-cash transaction, representing a 19% premium to the three-month volume-weighted average stock price.
Better than expected
Universal Stainless & Alloy Products, Inc. announced record net sales and profitability for the second quarter of 2024, driven by strong aerospace demand and strategic margin improvements.
Better than expected
Universal Stainless & Alloy Products has successfully negotiated a new five-year collective bargaining agreement with union employees at its North Jackson, Ohio facility.
Universal Stainless & Alloy Products has extended its labor contract with the United Steelworkers at its North Jackson facility to July 31, 2024, to allow for further negotiations.
Quarterly Earnings (10-Q)
Universal Stainless & Alloy Products achieved record sales of $87.3 million in the third quarter of 2024, alongside a significant increase in profitability, while also announcing a merger agreement with Aperam S.A.
Better than expected
10-Q: Universal Stainless & Alloy Products Reports Record Sales and Gross Margin in Second Quarter 2024
Universal Stainless & Alloy Products achieved record sales and gross margin in the second quarter of 2024, driven by strong demand in the aerospace sector.
Better than expected
10-Q: Universal Stainless & Alloy Products Reports Strong Q1 2024 Results Driven by Aerospace Demand
Universal Stainless & Alloy Products reported a strong first quarter in 2024, with sales reaching the second-highest level in company history, driven by robust demand in the aerospace sector.
Better than expected
Annual Reports (10-K)
Universal Stainless & Alloy Products, Inc. has filed its annual 10-K report, revealing a net income of $4.9 million for 2023 but also identifying material weaknesses in its internal control over financial reporting.
Worse than expected
Insider Trading (Form 4)
Following the merger of Universal Stainless & Alloy Products Inc. with Aperam US Absolute LLC, Executive VP Graham McIntosh disposed of shares and stock options, receiving cash consideration as per the merger agreement.
Form 4: Universal Stainless & Alloy Products CFO Disposes of Shares and Stock Options Following Merger
Following the merger with Aperam US Holdco LLC, Universal Stainless & Alloy Products' CFO, Steven DiTommaso, reports the disposition of shares and stock options as per the merger agreement.
Wendel Crosby, V.P. of Manufacturing at Universal Stainless & Alloy Products Inc., reports the disposition of shares and stock options due to the merger with Aperam US Holdco LLC, where each share was converted to $45.00 in cash.
Form 4: Universal Stainless & Alloy Products Inc. Executive Disposes of Shares and Options Following Merger
John Arminas, V.P., General Counsel & Secretary of Universal Stainless & Alloy Products Inc., reports the disposition of shares and derivative securities following the merger with Aperam US Absolute LLC, where each share was converted into $45.00 in cash.
Form 4: Universal Stainless & Alloy Products Director Disposes of Shares and Stock Options Following Merger
Director Udi Toledano reports the disposition of shares and stock options in Universal Stainless & Alloy Products following the completion of a merger with Aperam US Holdco LLC.
Form 4: Universal Stainless & Alloy Products Director Disposes of Shares and Options Following Merger
Director Dennis M. Oates reports the disposition of shares and stock options in Universal Stainless & Alloy Products following the completion of a merger with Aperam US Absolute LLC on January 23, 2025.
Proxy Statements (Def-14A)
Universal Stainless & Alloy Products is urging its stockholders to vote in favor of the proposed merger with a subsidiary of Aperam, S.A. at a special meeting on January 15, 2025.
Universal Stainless & Alloy Products, Inc. has agreed to be acquired by Aperam US Holdco LLC for $45 per share in cash, representing a 19% premium over the three-month volume-weighted average stock price.
Better than expected
Schedule 13D - Activist Investments
Magnetar Financial and its affiliates report the completion of the merger of United Stainless & Alloy Products, Inc., where each share was converted to $45.00 in cash.
Schedule 13G - Passive Investments
SCHEDULE: Dimensional Fund Advisors LP Reports 3.2% Stake in Universal Stainless & Alloy Products Inc
Dimensional Fund Advisors LP files Schedule 13G, reporting beneficial ownership of 3.2% of Universal Stainless & Alloy Products Inc's common stock as of December 31, 2024.