Radius Recycling Approves Merger with Toyota Tsusho America

Schnitzer Steel Industries ( (RDUS) ) has provided an announcement.

On June 5, 2025, Radius Recycling, Inc., an Oregon-based company, held a special meeting of shareholders where they approved the proposals related to a merger with Toyota Tsusho America, Inc. The merger will result in Radius becoming a wholly owned subsidiary of Toyota Tsusho America, with the merger expected to close in the second half of 2025, subject to necessary conditions. This approval signifies a strategic move for Radius, potentially impacting its market positioning and operations, as it becomes part of a larger corporate structure.

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: 1,048,059

Technical Sentiment Signal: Buy

Current Market Cap: $836.2M

Learn more about RDUS stock on TipRanks’ Stock Analysis page.