SCHAUMBURG, Ill., USA & ULM, Germany — Global Brass and Copper Holdings, Inc. (NYSE: BRSS) (“Global Brass and Copper” or the “Company” or “GBC”) and Wieland-Werke AG (“Wieland Group”)
today announced that they have entered into a definitive merger agreement. Wieland is a nearly 200-yearold, family-owned global technology and service leader in the brass and copper industry, known for customer service and innovative solutions.
today announced that they have entered into a definitive merger agreement. Wieland is a nearly 200-yearold, family-owned global technology and service leader in the brass and copper industry, known for customer service and innovative solutions.
Per the merger agreement, Wieland will acquire all of the outstanding shares of GBC in an all-cash transaction. GBC shareholders will receive $44.00 per share in cash representing 27% premium to Global Brass and Copper’s closing price as of April 9, 2019.The transaction is expected to close in the second half of 2019 and is subject to certain required regulatory approvals.
The transaction brings together two highly complementary companies with diverse product offerings across copper and copper alloy strip and sheet, rod, foil, wire, tube and fabricated components, serving a wide variety of industries and creates a truly unique global leader in the red metals industry ideally suited to create customer value in North America, Europe and Asia.
