One-Page Deal Sheet
Sumitomo Augments Portfolio via Edgen Group Merger
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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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