OTHER NEWS - July 3, 1995
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Times Staff and Wire Reports
Reliance to Buy Interest in Venture: The Los Angeles firm said it plans to acquire a 50% interest and complete operational control of American Steel, a newly formed company. Reliance Steel & Aluminum Co. said it will pay $19.25 million for the partial acquisition and, according to the agreement, will acquire the remaining 50% of the company at a later date.
