Empire Resources to be acquired by Ta Chen Stainless Pipe for $58M

Empire Resources, Inc., a distributor of semi-finished metal products, has entered into a definitive merger agreement to be acquired by a unit of Ta Chen Stainless Pipe Co., Ltd. for $7.00 per share in cash, with an aggregate value of approximately $58 million.

“This agreement with Ta Chen represents the culmination of our effort to unlock the substantial value of Empire for our shareholders while creating a combined company with highly complementary strengths and greater resources for the benefit of our customers and employees.”prnewswire.com

• 1 source
• prnewswire.comEmpire Resources Enters Into Merger Agreement With Ta ChenEmpire Resources, Inc.Mar 31, 2017

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