Ryerson Stockholders Approve Olympic Steel Merger; Closing Expected Tomorrow

summarizeSummary

Ryerson stockholders approved the share issuance for the Olympic Steel merger, with closing anticipated on February 13, 2026, marking a definitive step towards completing the acquisition.

check_boxKey Events

• Shareholder Approval Secured

  Ryerson stockholders approved the issuance of common stock required for the merger with Olympic Steel, Inc. with 90.95% of outstanding shares present and voting overwhelmingly in favor.

• Merger Closing Imminent

  The all-stock merger with Olympic Steel is now expected to close on February 13, 2026, following the successful shareholder vote.

• Olympic Steel Delisting Confirmed

  Upon closing, Olympic Steel shares will cease trading and be delisted from the NASDAQ exchange, becoming a wholly-owned subsidiary of Ryerson.

• Exchange Ratio Maintained

  Olympic Steel shareholders will receive 1.7105 shares of Ryerson common stock for each Olympic Steel common stock share, as previously announced.

auto_awesomeAnalysis

Ryerson Holding Corporation's stockholders have approved the issuance of shares necessary for the all-stock merger with Olympic Steel, Inc. This crucial vote clears a significant hurdle, with the merger now expected to close on February 13, 2026. The successful approval and imminent closing provide certainty regarding the transaction, which will result in Olympic Steel becoming a wholly-owned subsidiary of Ryerson and its shares ceasing to trade on NASDAQ. This follows the previous disclosure on February 6, 2026, which indicated the merger was proceeding towards a shareholder vote.