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Weird: name change? SCHN. Schnitzer Steel, Portland
Looking at my list in TRP. Strangely, the SCHN ticker is now attached to an outfit called "Radius Recycling." Anyone know anything about this? I see a couple of websites claiming the same street address for both names. And "Radius Recycling" is shown to be incorporated in ALASKA----- but with the official address in PORTLAND....
M*, Yahoo Finance and Nasdaq are still showing Schnitzer Steel/SCHN.
Change to Radius Recycling/RDUS is supposed to be official in September 2023; RDUS ticker isn't yet recognized. Some sites may be jumping the gun on the name change. The company website shows the name change but ticker SCHN, https://www.radiusrecycling.com/company/investors/stock-information
Looks like Schnitzer family sold much of its stake in SCHN/RDUS and is now well below 20%; nobody from the family is now involved with the management or the board. I suppose if the family had any say, they may have preferred Schnitzer Recycling.
But Schnitzer family name will live on around Portland, OR as the family has been into steel recycling, real estate, philanthropy. One descendent Jordan Schnitzer has been in the news, including for the steps he went through to get a son to carry his own family name through a surrogate and that turned into a legal mess. https://www.wweek.com/news/2016/03/16/jordan-schnitzer-gets-a-son-and-a-court-battle/
Comments
People new to scrap don't associate the Schnitzer name with anything.
Folks with longer memories may have negative memories
https://www.radiusrecycling.com/company/investors/news-release-details/22391
M*, Yahoo Finance and Nasdaq are still showing Schnitzer Steel/SCHN.
Change to Radius Recycling/RDUS is supposed to be official in September 2023; RDUS ticker isn't yet recognized. Some sites may be jumping the gun on the name change. The company website shows the name change but ticker SCHN,
https://www.radiusrecycling.com/company/investors/stock-information
Looks like Schnitzer family sold much of its stake in SCHN/RDUS and is now well below 20%; nobody from the family is now involved with the management or the board. I suppose if the family had any say, they may have preferred Schnitzer Recycling.
But Schnitzer family name will live on around Portland, OR as the family has been into steel recycling, real estate, philanthropy. One descendent Jordan Schnitzer has been in the news, including for the steps he went through to get a son to carry his own family name through a surrogate and that turned into a legal mess.
https://www.wweek.com/news/2016/03/16/jordan-schnitzer-gets-a-son-and-a-court-battle/