# 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.

- Type: Acquisition
- Announced: 2017-03-31
- Where: Fort Lee, New Jersey, United States
- Value: $58.0M
- Status: announced
- Products: semi-finished metal products, stainless steel, aluminum, nickel alloy products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Empire Resources, Inc.](https://endata.com/companies/23228.md) (target)
- [Ta Chen Stainless Pipe Co., Ltd.](https://endata.com/companies/23229.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/empire-resources-enters-into-merger-agreement-with-ta-chen-300432531.html), 2017-03-31: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.