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Latham & Watkins Advises on Radius’ US$1.34 Billion Acquisition by Toyota Tsusho America
March 14, 2025
Firm represents Goldman Sachs as financial adviser to Radius in the transaction.
Radius Recycling, Inc. (NASDAQ: RDUS) (Radius or the Company) announced that it has entered into a definitive merger agreement with the US subsidiary of Toyota Tsusho Corporation (8015.T) (TTC), under which Toyota Tsusho America, Inc. (TAI) will acquire all shares of Radius for US$30 per share in cash. The transaction is expected to close in the second half of calendar year 2025, subject to approval by Radius’ shareholders, regulatory approvals, and other customary closing conditions.
Latham & Watkins LLP represents Goldman Sachs & Co. LLC as exclusive financial adviser to Radius in the transaction with a corporate team led by Century City partner Steven Stokdyk, with associate Drew O’Sullivan.