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McKinney Steel Holding stock offer signals bold shift
In Iron Trade Review John W. Hil outlines the McKinney Steel Holding offering a block of preferred stock through a Cleveland syndicate led by Union Trust. The holding firm consolidates Corrigan Burke interests to form a majority stake, with a $7.25 million issue carrying 5 percent cumulative dividends sold at 99. The deal marks a major step toward potential mergers or sale to larger independents while detailing McKinney’s long, integrated asset base across six states and Mexico.
MENTIONED IN THIS ARTICLE
McKinney Steel Company
Iron Trade Review
John W. Hil
McKinney Steel Holding Company
McKinney
McKinney Breel
Ita
Price McKinney
James W. Corrigan, Jr
Corrigan
Burke
Stevenson Burke
Corrigan and
McKinnay Steal Company
Steel Company
Union Trust Company
Cleveland
Simca
Iron and Steel
McKinney Steel
Yome
James W. Corrigas
Great Lakes
Laks Superior
Wheeling
Callibra, Corrigan & Co
Betaume Cortigan, Ives & Co
Corrigan,McKinney & Co
Mexico
Lake Superior
Kentucky
Lake Yeusels
Mall
Alte
Josephine
Scottdale
United States Cast Iron Pipe Company
Charlotte
Secs
McKinney Steel Bakwco Shest
Sutel Cous
MrKinney Steel Company
KicKinney
Bose
Tong
Mont Netute
Hocking Valley
Toledo & Ohio Central
Judge Burke
Nan Elates
Corrigan, Ives & Co
Ihla
Corrigan, McKinney & Co
United States
MeKinney Steel Company
Christiany
Afr. McKinney
MceKinney
Clarkson
Keplogle
Thuy