WeissLaw LLP Investigates Metals USA Holdings Corp. Acquisition

  WeissLaw LLP Investigates Metals USA Holdings Corp. Acquisition

Business Wire

NEW YORK -- February 7, 2013

WeissLaw LLP, a national class action and shareholder rights law firm with
offices in New York City and Los Angeles, is investigating possible breaches
of fiduciary duty and other violations of law by the Board of Directors of
Metals USA Holdings Corp. (“Metals USA” or the “Company”) (NYSE: MUSA) arising
from its agreement for Metals USA to be acquired by Reliance Steel & Aluminum
Co. (“Reliance”) in an all-cash transaction with an enterprise value of
approximately $1.2 billion. Under the terms of the proposed transaction
Reliance will buy all outstanding Metals USA stock for $20.65 per share.

WeissLaw LLP is investigating whether Metals USA’s Board acted in the best
interests of its public shareholders in order to maximize shareholder value
for Metals USA’s public shareholders, prior to entering into the proposed
transaction with Reliance. Notably, prior to the announcement of the deal,
several analysts set the price target for Metals USA’s stock above the price
offered by Reliance. Moreover, Reliance is paying about eight times Metals
USA’s EBITDA. That is below the median of 8.6 for nine similar deals from the
last eight years, according to data compiled by Bloomberg. If you own Metals
USA shares and would like more information about your rights as a shareholder
or additional information concerning our investigation, please contact Kelly
C. Keenan either by telephone at (888) 593-4771 or by email at
info@weisslawllp.com.

WeissLaw LLP has litigated hundreds of stockholder class and derivative
actions for violations of corporate and fiduciary duties. We have recovered
over a billion dollars for defrauded institutions and individuals and obtained
important corporate governance in these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing (including
insider trading, waste of corporate assets, accounting fraud, or issuing
materially misleading information), consumer fraud (including false
advertising, defective products, or other deceptive business practices), or
anti-trust violations, please email us at info@weisslawllp.com or fill out the
form on our website, http://www.weisslawllp.com/contact/report_fraud/.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contact:

WeissLaw LLP
Kelly C. Keenan
1500 Broadway, 16^th Floor
New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslawllp.com
info@weisslawllp.com
 
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