|Bid||28.08 x 0|
|Ask||28.25 x 0|
|Day's Range||27.39 - 28.47|
|52 Week Range||13.20 - 28.47|
|Beta (5Y Monthly)||1.61|
|PE Ratio (TTM)||72.21|
|Earnings Date||May 04, 2021|
|Forward Dividend & Yield||1.52 (5.40%)|
|Ex-Dividend Date||Feb. 25, 2021|
|1y Target Est||29.14|
Russel Metals Inc. (TSX: RUS) announces that it has entered into an agreement with Marubeni-Itochu Tubulars America Inc. ("MITI"), whereby Russel Metals and MITI will combine their respective Canadian OCTG/line pipe businesses. In conjunction with the combination, Russel Metals will receive a substantial portion of its contributed net asset value in cash proceeds, in addition to retaining a 50% equity interest in the combined venture.
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