M&A - Magnetar Financial LLC

Form Type: SCHEDULE 13D/A

Filing Date: 2025-07-15

Corporate Action: Merger

Type: Update

Accession Number: 000110465925067979

Filing Summary: On July 10, 2025, Radius Recycling, Inc. consummated a merger, resulting in the conversion of each issued and outstanding Share into the right to receive $30.00 in cash, without interest. This affected Magnetar Financial LLC and its affiliated Reporting Persons, who held 1,637,146 Shares that were cancelled and converted for cash. As of the merger's closing on July 11, 2025, the Reporting Persons may have been deemed to have beneficial ownership of 0 Shares, with no voting power over the Shares, reflecting a complete liquidation of their holdings due to the merger. The document reports no relevant legal issues or transactions since the last filing on April 16, 2025.

Form Type: SCHEDULE 13D

Filing Date: 2025-04-16

Corporate Action: Merger

Type: New

Accession Number: 000110465925035353

Filing Summary: Magnetar Financial LLC, along with Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman, filed a Schedule 13D concerning their ownership of Class A Common Stock of Radius Recycling, Inc. The reporting persons collectively own 1,543,133 shares, or approximately 5.51% of the company, which were acquired for the purpose of receiving merger consideration following the announced Merger Agreement between Radius and Toyota Tsusho America, Inc. This Agreement stipulates that Radius will merge with TAI Merger Corporation, a subsidiary of Parent, with Radius continuing as a wholly owned subsidiary. In exchange for their shares, stockholders will receive $30.00 in cash per share. The filing indicates that Magnetar Financial, as a registered investment adviser, exercised voting and investment power over shares for various funds. The acquisition was funded by assets from these funds, totaling approximately $43.96 million. The companies involved have disclosed their plans to acquire additional securities or change their investment intentions regarding Radius. No adverse legal or civil proceedings have been noted against the reporting persons in the past five years, further solidifying their operational integrity. They also report no transactions in the shares in the 60 days preceding this filing, affirming the regularity of their investment activities.

Form Type: SCHEDULE 13D

Filing Date: 2025-04-11

Corporate Action: Merger

Type: New

Accession Number: 000110465925033995

Filing Summary: Magnetar Financial LLC, alongside its affiliates, filed an amendment to their Schedule 13D form on April 11, 2025, disclosing their ownership of 3,013,195 shares of ProAssurance Corporation, representing approximately 5.90% of the company's outstanding shares. The shares were acquired following the public announcement of a Merger Agreement dated March 19, 2025, between ProAssurance, The Doctors Company, and Jackson Acquisition Corporation, which outlines a merger transaction wherein each share of ProAssurance Common Stock will be converted to cash consideration of $25.00 per share at the effective time of the merger. This filing includes detailed ownership information of the shares held by various funds managed by Magnetar Financial, marking their strategic investment in ProAssurance amid the upcoming merger.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-01-27

Corporate Action: Merger

Type: Update

Accession Number: 000110465925006169

Filing Summary: On January 23, 2025, United Stainless & Alloy Products, Inc. consummated a merger in which each issued and outstanding share was cancelled and converted into the right to receive $45.00 in cash, without interest. Following the merger, Magnetar Financial LLC and its affiliates, which held a total of 618,018 shares, had these shares cancelled, resulting in each Reporting Person being deemed to have beneficial ownership of 0 shares. The document also notes that there were no transactions in the shares of the company during the 60 days prior to the filing, except as set forth in Schedule A, which outlines transactions made in the ordinary course of business. Furthermore, an agreement regarding the joint filing of the statement was made among the Reporting Persons, which is a standard procedure in compliance with the Securities Exchange Act of 1934.