LOS ANGELES - Reliance Steel & Aluminum Co. said Friday it has canceled a previously announced stock offer of around 6.8 million shares because of market conditions. The company, which provides metals processing services, expected to use funds from the offering for its pending acquisition of PNA Group Holding Corp. The company expects to complete the purchase of PNA in August and will fund it with proceeds from a loan and borrowings under its existing revolving credit...
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