October 29, 2025
Willkie is representing Ryerson Holding Corporation (NYSE: RYI), a leading value-added processor and distributor of industrial metals, in its merger with Olympic Steel, Inc. (NASDAQ: ZEUS), a leading U.S. metals service center.
On October 28, Ryerson and Olympic announced that they entered into a definitive agreement to merge. The merger will enhance the combined company's presence as the second-largest North American metals service center and represents a highly compatible strategic match as it will bring Olympic Steel's complementary footprint, capabilities, and product offerings into Ryerson's intelligently interconnected network of value-added service centers.
Under the terms of the merger agreement, Olympic Steel shareholders will receive 1.7105 Ryerson shares of common stock for every Olympic Steel share of common stock owned and will own approximately 37% of the combined company.
The deal is expected to close in the first quarter of 2026, subject to customary closing conditions and the receipt of regulatory and shareholder approvals.
The Willkie team is led by partners Cristopher Greer, Adam Turteltaub, Brian Hamilton and Thomas Sharkey and includes partners Rose Ohanesian and Wesley Powell, counsel Adam Cohen and Agathe Richard, and an associate team led by Daniela Abadi.
On October 28, Ryerson and Olympic announced that they entered into a definitive agreement to merge. The merger will enhance the combined company's presence as the second-largest North American metals service center and represents a highly compatible strategic match as it will bring Olympic Steel's complementary footprint, capabilities, and product offerings into Ryerson's intelligently interconnected network of value-added service centers.
Under the terms of the merger agreement, Olympic Steel shareholders will receive 1.7105 Ryerson shares of common stock for every Olympic Steel share of common stock owned and will own approximately 37% of the combined company.
The deal is expected to close in the first quarter of 2026, subject to customary closing conditions and the receipt of regulatory and shareholder approvals.
The Willkie team is led by partners Cristopher Greer, Adam Turteltaub, Brian Hamilton and Thomas Sharkey and includes partners Rose Ohanesian and Wesley Powell, counsel Adam Cohen and Agathe Richard, and an associate team led by Daniela Abadi.
