M&A · Industrials · Wholesale-Misc Durable Goods
Toyota Tsusho America, Inc. to acquire Radius Recycling, Inc.
Announced Mar 14, 2025 · Closed Jul 10, 2025
Deal value—
Premium114.6%To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$30.00 per share
Transaction
- Acquirer
- Toyota Tsusho America, Inc.
- Target
- Radius Recycling, Inc.
- Buyer type
- Strategic
- Offer price per share
- $30.00
- Enterprise value
- —
- Status
- Closed Jul 10, 2025
Deal protections
- Break fee (target pays)
- $27.2M
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Goldman Sachs
Sector context · Industrials
- Comparable deals
- 86 in the prior 24 months
- Premium
- 114.6% vs. 36.5% sector median
- EV / Adj. EBITDA
- Sector median 9.1x
- Break fee
- Sector median 2.8%
Timeline
- AnnouncedMar 14, 2025
- Proxy filedApr 14, 2025
- Definitive proxyApr 28, 2025
- Shareholder voteJun 5, 2025
- ClosedJul 10, 2025
Valuation · fairness opinions
Discounted cash flow$26.50$43.00
Future share price$29.25$43.75
Future share price$10.25$18.25
52-week trading range$16.25$21.00
Offer $30.00
Implied value per Radius Recycling, Inc. share by analysis, from Goldman Sachs · DCF discount rate 12%–15%.