Law Firm Brower Piven Announces Investigation of Metals USA Holdings Corp.

  Law Firm Brower Piven Announces Investigation of Metals USA Holdings Corp.

Business Wire

STEVENSON, Md. -- February 12, 2013

The securities litigation firm of Brower Piven, A Professional Corporation,
has commenced an investigation into possible breaches of fiduciary duty to
current shareholders of Metals USA Holdings Corp. (“Metals USA” or the
“Company”) (NYSE: “MUSA”) and other violations of state law by the board of
directors of Metals USA relating to the proposed acquisition of the Company by
Reliance Steel & Aluminum Co. (“Reliance”). The firm’s investigation seeks to
determine, among other things, whether the board of directors of Metals USA
breached their fiduciary duties by failing to maximize shareholder value.

Under the terms of the proposed transaction, Metals USA shareholders will
receive $20.65 for each share of Metals USA common stock they own,
representing an enterprise value of approximately $1.2 billion. According to
Yahoo! Finance, the high analyst price target is $21.00 per Metals USA share.
According to Bloomberg, the EBITDA, EBIT, revenue, and free cash flow
multiples for the proposed transaction are below those of comparable
transactions.

If you currently own common stock of Metals USA and would like to learn more
about the investigation being conducted by Brower Piven, you may email or call
Brower Piven, who will, without obligation or cost to you, attempt to answer
your questions. You may contact Brower Piven by email at
hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A
Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and
other class action cases of over 60 years.

Contact:

Brower Piven, A Professional Corporation
Stevenson, Maryland
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com