Private Equity Firm To Acquire Ryerson

Skadden is representing Ryerson Inc., a leading distributor of metals and plastics, in its approximately $2 billion going-private acquisition by Platinum Equity, LLC, a global private equity firm.

Ryerson's board of directors unanimously approved the merger agreement. The transaction is subject to the approval of Ryerson's stockholders and customary closing conditions and is expected to be completed by the fourth quarter of 2007.