$Toyota Tsusho (8015.JP)$ will acquire at a price of $30 per share in Cash. $Radius Recycling (RDUS.US)$ , Radius's stock price skyrocketed over 108% in after-hours trading.

This transaction values the scrap recycling and Steel manufacturing company at approximately $1.34 billion, representing a 115% premium over the closing price on March 12.

Radius stated that this acquisition will enable it to invest more in its metal recycling platform, Pick - N - Pull Autos recycling business, 3PR recycling services and solutions, and the ongoing development of Cascade electric arc furnaces and rolling mills, as well as benefit from Toyota Tsusho's recycling technologies designed to improve the recovery rates of ferrous and Nonferrous Metals and reduce waste sent to landfills.

Radius will continue its operations from its existing headquarters in Oregon, retaining its original team, operational facilities, strategies, and brand.

The two companies stated that this transaction "brings together two companies dedicated to promoting Circular Economy through increased recycling and waste reduction in industrial, manufacturing, and retail sectors."

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