Steel Processor Puts Up $139M For Material Sciences Corp.

Law360, New York (January 9, 2014, 1:41 PM EST) -- Affiliates of New Star Metals Inc. and Insight Equity Holdings LLC will buy Material Sciences Corp. for about $139 million, the companies said Thursday, in a deal MSC said should breathe new life into the composite materials provider.

The deal gives New Star and Insight Equity affiliates Zink Acquisition Holdings Inc. and Zink Acquisition Merger Sub Inc. control over a company that has had some recent struggles, according to company filings with the U.S. Securities and Exchange Commission. MSC's stock has dropped 5 percent since the...
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