Acerinox, a Spanish stainless steel manufacturer, plans to acquire Haynes International, a US-based high-performance alloys producer, through its subsidiary North American Stainless (NAS). The deal involves buying all Haynes outstanding shares for $61/share in cash, totaling a fully diluted equity value of $798 million. Acerinox currently boasts a melting shop capacity of 3.5 million tonnes.
