Attached files
| file | filename |
|---|---|
| EX-99.4 - EX-99.4 - UNIVERSAL STAINLESS & ALLOY PRODUCTS INC | d420613dex994.htm |
| EX-99.3 - EX-99.3 - UNIVERSAL STAINLESS & ALLOY PRODUCTS INC | d420613dex993.htm |
| EX-99.2 - EX-99.2 - UNIVERSAL STAINLESS & ALLOY PRODUCTS INC | d420613dex992.htm |
| EX-99.1 - EX-99.1 - UNIVERSAL STAINLESS & ALLOY PRODUCTS INC | d420613dex991.htm |
| 8-K - FORM 8-K - UNIVERSAL STAINLESS & ALLOY PRODUCTS INC | d420613d8k.htm |
Exhibit 99.5
Dennis M. Oates
Phone: 412-257-7609
Fax: 412-257-7605
June 28, 2017
VIA FEDERAL EXPRESS AND EMAIL
Craig C. Bram
President and Chief Executive Officer
Synalloy Corporation
4510 Cox Road, Suite 201
Richmond, VA 23060
Dear Mr. Bram:
On behalf of the Board of Directors of Universal Stainless & Alloy Products, Inc. (the “Company”), I am writing in response to your letter addressed to me, dated June 13, 2017 (the “Letter”).
Following my receipt of the Letter, I promptly shared copies of the Letter with the members of the Company’s Board of Directors and the Company’s independent financial and legal advisors. Our Board of Directors has thoroughly and carefully reviewed the Letter and analyzed with an open mind and fresh outlook all of the matters addressed in the Letter, as well as in your previous letter, dated June 1, 2017, again with the benefit of advice from the Company’s independent financial and legal advisors.
After the additional review and analysis by our Board of Directors, they have unanimously determined that it is in the best interests of the Company and its stockholders not to pursue a potential transaction with Synalloy Corporation.
| Sincerely, |
| /s/ Dennis M. Oates |
| Dennis M. Oates |
| Chairman of the Board, President and Chief Executive Officer |
600 Mayer Street, Bridgeville, PA 15017 phone 412.257.7600 fax 412.257.7640 web www.univstainless.com