Previous Close | 10.80 |
Open | 10.80 |
Bid | 9.90 |
Ask | 10.50 |
Strike | 170.00 |
Expire Date | 2024-10-18 |
Day's Range | 10.80 - 10.80 |
Contract Range | N/A |
Volume | |
Open Interest | 782 |
Key Insights Significantly high institutional ownership implies Nucor's stock price is sensitive to their trading...
Nucor Corporation (NYSE: NUE) announced today that it has entered into an agreement to acquire Rytec Corporation, a manufacturer and seller of high-speed, high-performance commercial doors. The all-cash transaction is valued at $565 million, which represents approximately 12.5x Rytec's estimated 2024 EBITDA. With over 300 teammates operating out of two manufacturing facilities in Wisconsin, Rytec is widely considered to be the pre-eminent brand for high-performance commercial doors.
Nucor (NUE) reachead $168.39 at the closing of the latest trading day, reflecting a -1.68% change compared to its last close.