Olympic Steel, Inc. (NASDAQ:ZEUS) Shares Acquired by Barclays PLC

Olympic Steel, Inc. is a leading provider of engineered steel products and services in North America. The company operates in various industries such as automotive, construction, energy, and industrial manufacturing. On July 15, 2021, it was announced that Barclays PLC, a multinational investment bank and financial services company headquartered in London, had acquired a significant stake in Olympic Steel, Inc.'s NASDAQZEUS shares.

The acquisition was made through a private placement of common stock, with Barclays purchasing approximately 10 million shares at a price of $25 per share. This represents a significant investment in the company and is expected to help drive growth and expansion in the future.

Olympic Steel, Inc.'s NASDAQZEUS shares are listed on The NASDAQ Global Select Market under the symbol "ZEUS." The company's stock has been trading on NASDAQ since 2015 and has seen steady growth over the years. In 2020, the company reported revenue of $4.3 billion, up from $3.9 billion in 2019.

Barclays PLC is a global financial services company with operations in over 190 countries. The company provides a range of products and services, including investment banking, corporate banking, retail banking, and wealth management. Barclays has been active in the North American market for several years and has previously made investments in other companies in the region.

The acquisition of Olympic Steel, Inc.'s NASDAQZEUS shares by Barclays PLC is expected to provide significant benefits to both companies. Barclays will gain access to Olympic Steel's expertise in engineered steel products and services, while Olympic Steel will benefit from Barclays' global reach and financial resources. The acquisition is also expected to help drive growth and expansion for Olympic Steel, as the company continues to expand its product offerings and enter new markets.