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BRSS - Global Brass And Copper: Bought By The Germans
Global Brass and Copper Holdings Inc.
For the second time in as many weeks, a US company is acquired by a German counterpart. After Wabco (WBC) was recently sold to a privately-held German company, the same fate is now seen for Global Brass and Copper (BRSS) which will be acquired by Wieland-Werke AG, a 200-year-old family business.
With the deal taking place at a solid premium compared to an all-time high, investors are best advised to take the cash and move on.
Deal Terms
Investors in Global Brass stand to receive a $44 per share cash component