Indiana firm buys Recycle South for $500M
Saturday, 10 May 2008
LYMAN -- OmniSource Corp., a subsidiary of Indiana-based Steel Dynamics Inc., has purchased Recycle South LLC of Lyman for $500 million. The deal includes more than 3.9 million shares of Steel Dynamics common stock, with a value of about $138 million; $232 million in cash; and the assumption of about $135 million in debt.

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