$3.1 Billion Metals and Mining Merger

February 23, 2015

Cleary Gottlieb is representing Goldman Sachs, as financial advisor to Globe Specialty Metals in its combination with FerroAtlántica, in an all-stock merger. Based on the combined enterprise value, the deal is valued at $3.1 billion. The deal signed on February 23, 2015 and is expected to close in late 2015.

Globe Specialty Metals is among the world's largest producers of silicon metal, silicon-based specialty alloys and silicon fume, critical ingredients in a host of industrial and consumer products.

FerroAtlántica is a leading producer of silicon metal, silicon alloys and ferroalloys.