Olympic Steel and Ryerson Shareholders Approve Merger, Closing Expected Tomorrow
RYI sits 47% above its 52-week low of $19.02 on elevated volume (4.3× avg).
Summary
Shareholders of both Olympic Steel and Ryerson Holding Corporation have approved the all-stock merger, with the transaction expected to close on February 13, 2026.
Key Events · M&A and Partnerships · RYI
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Shareholder Approvals Secured
Both Olympic Steel and Ryerson Holding Corporation stockholders have approved the merger and the related issuance of Ryerson stock, respectively.
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Merger Closing Imminent
The all-stock merger is now expected to close on February 13, 2026, subject to customary closing conditions.
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Olympic Steel Delisting
Following the closing, Olympic Steel shares will cease trading and be delisted from the NASDAQ exchange.
Analysis · RYI · Trade & Services
This filing confirms the final shareholder approvals from both Olympic Steel and Ryerson Holding Corporation for their all-stock merger. The successful votes clear the last major hurdle, paving the way for the transaction to close on February 13, 2026. Upon closing, Olympic Steel shares will cease trading and the company will no longer be listed, marking a significant change for its investors. This follows previous disclosures about the merger progressing towards a vote, and provides a definitive timeline for the completion of this major corporate event.
At the time of this filing, RYI was trading at $27.93 on NYSE in the Trade & Services sector, with a market capitalization of approximately $899.7M. The 52-week trading range was $19.02 to $30.90. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.