North American Stainless agreed to buy Haynes International (NASDAQ:HAYN), a manufacturer and marketer of high-performance alloys, in an all-cash deal valued at about $970 million. The purchase price represents a 12.3x fiscal 2023 EBITDA multiple. North American Stainless will acquire all of Haynes’ outstanding shares for $61.00 per share in cash, reflecting a 22% premium to Haynes’ six-month volume-weighted average share price. Haynes CEO Michael L. Shor said the sale is “the right step to ensure the long-term success of Haynes while maximizing value for our stockholders.” Now Read: Endeavour…