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Acerinox to refile Haynes deal in Austria to address competition concerns

By Andrew Boyce ( June 5, 2024, 10:27 GMT | Insight) -- Spanish stainless-steel maker Acerinox will resubmit its takeover of US rival Haynes International to Austrian competition regulators, and is confident of receiving approval in the coming months, according to the company. Austria's BWB referred the $970 million deal for an in-depth review by the national cartel court last month, voicing strong concerns over its impact on markets for nickel alloy products.Spanish stainless-steel maker Acerinox will resubmit its takeover of US rival Haynes International to Austrian competition regulators, and is confident of receiving approval in the coming months, according to the company....

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