Olympic Steel Sets February 12 Vote on All-Stock Acquisition by Ryerson

New activity is brewing for Olympic Steel ( (ZEUS) ). The company has submitted a Form DEFM14A to the SEC, indicating an upcoming shareholder vote. This form gives shareholders all the information they need to develop an informed vote. Read on to learn more about the proposed company action.Claim 70% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential On October 28, 2025, Ryerson Holding Corporation and Olympic Steel, Inc. signed a merger agreement for an all-stock acquisition in which Ryerson’s wholly owned subsidiary, Crimson MS Corp., will merge with and into Olympic Steel, leaving Olympic Steel as a wholly owned subsidiary of Ryerson. Under the deal, each outstanding share of Olympic Steel common stock would be converted into 1.7105 shares of Ryerson common stock, with cash in lieu of fractional shares, resulting in Ryerson stockholders owning about 63% and Olympic Steel shareholders about 37% of the combined company on a fully diluted basis. Based on recent trading, the implied per-share value for Olympic Steel stock has ranged from about $39.26 (using the 30-day VWAP as of October 24, 2025) to about $48.42 (using Ryerson’s January 12, 2026 closing price), modestly above Olympic Steel’s standalone trading price. Boards of both companies have unanimously deemed the transaction fair and in the best interests of their respective investors and are urging shareholders to vote in favor of the merger and related proposals at virtual special meetings scheduled for February 12, 2026. Completion of the transaction, which would further consolidate the North American metals service center industry and could enhance scale and market reach for the combined company, remains contingent on shareholder approvals and other customary closing conditions. The most recent analyst rating on (ZEUS) stock is a Hold with a $51.00 price target. To see the full list of analyst forecasts on Olympic Steel stock, see the ZEUS Stock Forecast page. Spark’s Take on ZEUS Stock According to Spark, TipRanks’ AI Analyst, ZEUS is a Neutral. Olympic Steel’s overall stock score is primarily driven by its stable financial position and strong cash flow management. However, technical indicators suggest overbought conditions, and the high P/E ratio indicates potential overvaluation. The lack of earnings call data and corporate events limits additional insights. To see Spark’s full report on ZEUS stock, click here. More about Olympic Steel Olympic Steel, Inc. is a U.S.-based metals service center company whose common stock trades on Nasdaq under the symbol “ZEUS,” serving industrial customers through the processing and distribution of steel and related metal products. The company is the target in a proposed all-stock acquisition by Ryerson Holding Corporation, a New York Stock Exchange-listed metals processor and distributor trading under the symbol “RYI.” Average Trading Volume: 135,670 Technical Sentiment Signal: Buy Current Market Cap: $539.9M For an in-depth examination of ZEUS stock, go to TipRanks’ Overview page.