Ryerson Inc, a distributor and processor of metals in North America, announced on Oct. 17 its stockholders approved a merger with Platinum Equity, LLC.
Ryerson will become a wholly-owned subsidiary of Rhombus Holding Corp. Rhombus is owned by a private investment fund affiliated with Platinum Equity. Ryerson's shares of common stock will cease trading on the NYSE as of Oct. 18, 2007.
