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Sumitomo Augments Portfolio via Edgen Group Merger

Sumitomo Corp Edgen Group Inc.
AnnouncedOct 1, 2013
TypeCorporate
Announced Date
October 01,2013
Close Date
November 20,2013
Transaction Type
Corporate




Snapshot
Location
Country
United States


Transaction Details:  Subscribe to see

Closing Announcement - November 20, 2013

Sumitomo Corporation and Sumitomo Corporation of America, collectively Sumitomo, has closed its acquisition of Edgen Group Inc. for US$12.00 per share, which totals approximately $1.2 billion.

Dan O’Leary, President and Chief Executive Officer of Edgen Group, will continue to lead Edgen Group’s strategic growth initiatives.

Mr. O’Leary stated, "This transaction gives us the capacity to serve the expanding needs and complex procurement requirements of the global energy infrastructure industry on an even greater scale. We look forward to leveraging the…

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