Ropes & Gray Represents Wieland-Werke AG in its Merger Agreement with Global Brass and Copper Holdings, Inc.
Ropes & Gray represented Wieland-Werke AG, one of the world's leading suppliers of semi-finished copper and copper alloy products, in its definitive merger agreement with Global Brass and Copper Holdings Inc. Wieland will acquire all of the outstanding shares of GBC pursuant to an all-cash merger. GBC stockholders will receive $44.00 per share in cash representing a 27% premium to GBC's closing price as of April 9. The transaction was announced on April 10 and is expected to close in the second half of 2019, subject to GBC stockholder approval, regulatory clearance and other customary closing conditions.
The combined business will include a manufacturing, service and distribution network consisting of over 90 facilities.
GBC is a value-added converter, fabricator, processor and distributor of specialized non-ferrous products in North America.