Metals USA’s stockholders approve Apollo acquisition

Metals USA’s stockholders approve Apollo acquisition

Stockholders of Metals USA Inc. have voted to approve the company’s acquisition of investment management firm Apollo Management LP. Metals USA stockholders will receive $22 per share in cash under terms of the merger agreement. The proposed merger was announced on May 18 and is expected to close in the fourth quarter 2005. Houston-based Metals USA provides products and services in the heavy carbon steel, flat-rolled steel, specialty metals, and building products markets.