New York, September 15, 2014 -- Moody's Investors Service comments that Nucor Corporation's (Nucor) $770 million acquisition of Gallatin Steel Company has no impact on its Baa1 rating. Nucor indicates that adjusted for the net present value of expected tax benefits, the purchase price is in the $630 million range. Nucor will fund the transaction through a combination of available cash ($1.16 billion at July 5, 2014) and the issuance of commercial paper.
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