Radius Recycling Inc. has announced a significant update regarding its merger with Toyota Tsusho America, Inc. The U.S. Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, effective immediately. This development satisfies one of the conditions required for closing the merger. The merger, which involves Radius continuing as a wholly owned subsidiary of Toyota Tsusho America, Inc., is still subject to other customary closing conditions. Radius expects to finalize the merger in the second half of 2025.
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