FTC Approves Early Termination for Radius Merger

The latest update is out from Schnitzer Steel Industries ( (RDUS) ).

On March 13, 2025, Radius Recycling, Inc., Toyota Tsusho America, Inc., and TAI Merger Corporation entered into a merger agreement, with Radius set to become a wholly owned subsidiary of Toyota Tsusho America. On May 12, 2025, the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, satisfying one of the conditions for the merger’s completion, which is expected in the second half of 2025, pending other customary approvals.

The most recent analyst rating on (RDUS) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on Schnitzer Steel Industries stock, see the RDUS Stock Forecast page.

Spark’s Take on RDUS Stock

According to Spark, TipRanks’ AI Analyst, RDUS is a Neutral.

The overall score reflects significant financial difficulties, particularly in profitability and cash management, which weigh heavily on the stock’s outlook. Despite strong technical momentum, valuation remains a concern due to negative earnings. Improvement in financial performance and operational efficiency is crucial for enhancing the stock’s prospects.

To see Spark’s full report on RDUS stock, click here.

More about Schnitzer Steel Industries

Average Trading Volume: 968,793

Technical Sentiment Signal: Buy

Current Market Cap: $828.6M

For detailed information about RDUS stock, go to TipRanks’ Stock Analysis page.