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Sumitomo acquires Edgen Group for $1.2B
Japanese trading giant Sumitomo Corp. and its unit Sumitomo Corp. of America Inc. said Tuesday they agreed to buy steel pipe and valve distributor Edgen Group Inc. for $1.2 billion, picking up a company whose stock has been lagging since its initial ...
The Deal: Sumitomo Pays $1.2 Billion for Edgen Group  TheStreet.com
Norton Rose Steers Sumitomo In $520M Edgen Group Buy  Law360 (subscription)
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Sumitomo Corporation Completes Acquisition of Edgen Group Inc.
NEW YORK & BATON ROUGE, La.--(BUSINESS WIRE)--Sumitomo Corporation (“SC”) and Sumitomo Corporation of America (“SCOA”), collectively “Sumitomo”, today announced that it has closed its acquisition of Edgen Group Inc. (“Edgen Group”) for ...
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Moody's downgrades Edgen Group's CFR to B1
New York, July 08, 2015 -- Moody's Investors Service downgraded Edgen Group Inc.'s (Edgen) corporate family rating to B1 from Ba3 and its probability of default rating to B1-PD from Ba3-PD.
Edgen Group Sues to Block Shareholder Lawsuit in Louisiana
Edgen Group Inc., a distributor of oilfield pipes and valves, sued to block a shareholder lawsuit filed in Louisiana over the company's agreement to be acquired by Sumitomo Corp.
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Sumitomo's $1.2B bid for Edgen Group looks to be the last
Pipe manufacturer Edgen Group Inc. Tuesday filed the preliminary written consent notice for its $1.2 billion merger with Sumitomo Corp.
Edgen Group Investor Blasts $520M Sumitomo Buyout  Law360 (subscription)
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Baton Rouge-based Edgen Group acquired by Sumitomo
Sumitomo Corp. and Sumitomo Corporation of America announced this week that it completed its acquisition of Baton Rouge-based Edgen Group Inc. The Japan-based company paid $12 per share for Edgen. The initial deal announced was worth $1.2 ...
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Edgen Group Announces the Appointment of John J. Kennedy to the Board of Directors
BATON ROUGE, La.--(BUSINESS WIRE)--Edgen Group Inc. (NYSE: EDG), a leading global distributor of specialized products including steel pipe, valves, plate, and related components to the energy and industrial infrastructure markets, today announced that ...
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Hedge Funds Aren't Crazy About Edgen Group Inc (EDG) Anymore
Edgen Group Inc (NYSE:EDG) was in 8 hedge funds' portfolio at the end of March. EDG shareholders have witnessed a decrease in hedge fund sentiment recently.
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Moody's upgrades Edgen's senior secured notes to Ba3
The senior secured notes represent Edgen's primary secured debt since it has established unsecured credit facilities with Sumitomo Corporation of Americas (A2 negative) and its affiliates.
Edgen Group Sales Down 13.1% In Second Quarter
Baton Rouge, LA - Edgen Group Inc. a leading global distributor of specialized products including steel pipe, valves, plate, and related components to the energy sector and industrial infrastructure markets, today reported its financial results for the ...
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