Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 115

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 115
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 from issuing a “stop, look and listen” statement pending disclosure of its position thereunder; , , that no such communication or statement that would constitute a Parent Adverse Recommendation
Change or a Company Adverse Recommendation Change shall be permitted, made or taken except in accordance with .

(f) Any violation of the restrictions contained in this by any of the Subsidiaries of Parent or the
Company, or any action taken by any Representatives of Parent or the Company or any of their respective Subsidiaries acting at Parent’s or the Company’s respective direction or on its respective behalf that would have constituted a
breach of this if such action had been taken by Parent or the Company shall, in each case, be deemed to be a breach of this by Parent or the Company (as applicable).

(g) For purposes of this Agreement:

(i) “” shall mean, other than the Transactions, any bona fide written proposal,
offer, written inquiry or indication of interest from a third party relating to (A) a merger, reorganization, sale of assets, share exchange, consolidation, business combination, recapitalization, dissolution, liquidation, joint venture or
similar transaction involving Parent or the Company or any of its respective Subsidiaries, as applicable; (B) the acquisition (whether by merger, consolidation, equity investment, joint venture, lease, or otherwise) by any Person (or group of
Persons) of any business or assets of Parent or the Company and their respective Subsidiaries that generated 20% or more of the consolidated revenues, net income or assets of Parent or the Company and its respective Subsidiaries, as determined on a
book-value or fair-market-value basis in good faith by the Parent Board or the Company Board, as applicable; (C) the purchase or acquisition, in any manner, directly or indirectly, by any Person (or group of Persons) of 20% or more of the
issued and outstanding shares of Parent Common Stock or Company Common Stock or any other Equity Interests in Parent or the Company, (D) any purchase, acquisition, tender offer or exchange offer that, if consummated, would result in any Person
(or group of Persons) beneficially owning 20% or more of the shares of Parent Common Stock or Company Common Stock or any other Equity Interests of Parent or the Company or any of its respective Subsidiaries, (E) any sale, lease, exchange,
transfer, license (other than licenses in the ordinary course