Getting your player ready...
NEW YORK — Carl Icahn said Monday that he wants to buy Commercial Metals Co. for about $1.73 billion and combine parts of it with metals-recycling businesses that he already owns.
The billionaire investor, who already owns almost 10 percent of Commercial Metals, said he also plans to nominate three of his associates to be directors on its board.
Icahn’s offer of $15 per share represents a 31 percent premium over the scrap-metal processor’s closing stock price Friday.
