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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.
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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The Deal: Sumitomo Pays $1.2 Billion for Edgen Group
NEW YORK ( TheStreet) - Japanese trading giant Sumitomo Corp. and its unit Sumitomo Corp. of America Inc. said Tuesday, Oct. 1, they agreed to buy steel pipe and valve distributor Edgen Group Inc. for $1.2 billion, picking up a company whose stock has ...
Norton Rose Steers Sumitomo In $520M Edgen Group Buy  Law360 (subscription)
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Edgen Group Investor Blasts $520M Sumitomo Buyout
Law360, Wilmington (October 17, 2013, 7:37 PM ET) -- An Edgen Group Inc. shareholder launched a putative class action Thursday aimed at stopping a planned $520 million buyout by Japanese trading giant Sumitomo Corp.
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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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The Deal: Sumitomo's Bid for Edgen Group Looks to be The Last
Sumitomo is acquiring Edgen for $12 per share, or roughly $520 million for the class A and B common shares, in a merger that was executed with written consent of partnerships controlled by Jefferies Capital Partners Inc. that collectively own 56.2% of ...
Edgen Murray Expands Valve and Actuation Offering with Acquisition of UK-Based ...
Edgen Group Inc. (NYSE: EDG) through its subsidiary, Edgen Murray Europe Limited, a leading global distributor of specialty steel products for energy and infrastructure markets, has acquired UK-based HSP Group Limited (HSP) to enhance its valve and ...
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Edgen Murray Acquires Eterniti Profiling
Edgen Group Inc., through its subsidiary, Edgen Murray Europe Limited, a leading global supplier of specialty steel products and logistics solutions for the energy and infrastructure markets, has acquired the profiling business of Eterniti Steels ...
Bobby Jindal in Asia, Dardenne releases Mardi Gras ads, EWE polls 6th District ...
Both companies have operations in Louisiana, with the latter recently acquiring Edgen Group Inc., a Baton Rouge-based specialty products and services company, for $520 million.
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