Icahn Enterprises has expressed interest in purchasing Commercial Metals Co., The Wall Street Journal reports. The unsolicited bid has valued the scrap-metal processor at about $1.73 billion.
The deal has been proposed in a sharply worded letter to the board of Commercial Metals. Icahn Enterprises is the New York–based diversified holding company, owned by billionaire investor Carl Icahn.
Click here for the story from The Wall Street Journal.