(Reuters) - Chaparral's stock jumped $9.70, or 15 percent, to $73.64 on the news.
Midlothian, Texas-based Chaparral is the second-largest producer of structural steel beams in North America and is also a recycling company. Chaparral, with a market capitalization of around $3 billion, also supplies steel bar products.
Read more at Reuters.com Mergers News
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