Pritzker family to buy TMS International for $687 mln

Mon Aug 26, 2013 7:23am EDT
 
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Aug 26 (Reuters) - The Pritzker family will buy scrap metal broker TMS International Corp for about $687 million in cash.

The offer of $17.50 represents a premium of about 12 percent to TMS's Friday close of $15.57.

Chicago's Pritzkers control Hyatt Hotels, Triton Container and the Marmon Group.