Metal Management shareholders to decide Sims merger on March 14

By Lisa Kerner

Charlotte, N.C., Feb. 12 - Metal Management, Inc. stockholders will vote on the company's proposed merger with Sims Group Ltd. at a special meeting on March 14 at 10 a.m. ET.

The record date for the meeting is Jan. 25, according to a company news release.

If approved, the merger is expected to close shortly after the special meeting.

Metal Management also announced that the Securities and Exchange Commission declared effective the registration statement on form F-4 of Sims Group relating to the proposed $1.6 billion merger.

Under the companies' Sept. 24, definitive agreement, Metal Management stockholders will receive 2.05 Sims American Depositary Receipts for each share of Metal Management.

It was previously reported that the newly formed company would be known as Sims Metal Management.

Metal Management is a full-service metal recycler based in Chicago.

Sims is a metal recycler based in Sydney, Australia.

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