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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) February 13, 1997
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RYERSON TULL, INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-11767 36-3431962
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(Commission File Number) (I.R.S. Employer Identification No.)
2621 West 15th Place, Chicago, Illinois 60608
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(Address of Principal Executive Offices) (Zip Code)
(773) 762-2121
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Page 1 of 3
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Item 2. Other Events.
On February 13, 1997, Ryerson Tull, Inc. completed the previously
announced acquisition of Thypin Steel Co., Inc., a privately held distributor
and processor of carbon and stainless steel products. Thypin has seven
facilities, located in Long Island City and Buffalo, NY; Cambridge, MA; Easton
and Fairless Hills, PA; Charlotte, NC; and Birmingham, AL. Ryerson Tull
purchased Thypin for $120 million in cash. In addition, Ryerson Tull assumed
$23 million in existing Thypin debt. The sources of funds for this acquisition
were cash and $99 million borrowed under Ryerson Tull's revolving credit
agreement with Morgan Guaranty Trust Company of New York, as agent for the
banks party thereto.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
RYERSON TULL, INC.
Dated: February 28, 1997 /s/ Charles B. Salowitz
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By: Charles B. Salowitz
Its: Secretary
