Horsehead Holding Corp. (ZINC), the parent company of Horsehead Corp., announced its plans to acquire INMETCO. INMETCO is a U.S. recycler of hazardous and non-hazardous waste for the specialty steel industry.
Under the terms of the Stock Purchase Agreement, Horsehead is expected to pay a purchase price of $34.0 million in cash, subject to adjustment, and the assumption of certain financial assurance obligations associated with environmental regulatory requirements that are currently in the form of a $8.55 million letter of credit. The acquisition is expected to close on December 31.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.