US EditionFrom the Ashes: Phoenix Global to be Acquired by SunCoke
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From the Ashes: Phoenix Global to be Acquired by SunCoke
As the Trump Administration’s tariff pause is set to expire next week, SunCoke Energy, Inc. (NYSE: SXC) announced plans to acquire Phoenix Global, a privately held provider of mill services to steel producers, for $325 million. The all-cash deal is structured as a reverse triangular merger and expected to close during the second half of 2025. “With the addition of Phoenix, SunCoke will be diversifying into electric arc furnace operations, inclu…
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