Ryerson, Inc. Buyout Challenged

To: Shareholders of Ryerson, Inc. (RYI)

We are currently investigating claims from shareholders relating to the proposed buyout of Ryerson, Inc. All Ryerson, Inc. shareholders may contact us for further information.

Ryerson, Inc. (RYI) shareholders have filed a lawsuit to block the sale of the metals distributor to a private-equity firm on the grounds that the sale price is too low. Under the terms of the buyout, shareholders will be forced to surrender their shares at lower than market value price.

Ryerson shareholders have alleged California-based Platinum Equity LLC agreed to pay a price for Ryerson’s stock that is grossly inadequate and unfair.

Ryerson shareholders have also alleged that the Ryerson board failed to carry out its duty to shareholders in the Chicago-based company by going forward with the deal. Ryerson shareholders have alleged that Ryerson’s senior executives backed the sale in exchange for assurances from Platinum that they would retain their jobs under the new ownership.