Commercial Metals Company (NYSE: CMC) confirmed that it has seen an open letter released to the press by Carl Icahn proposing to acquire all outstanding common shares of Commercial Metals Company at a price of $15.00 per share.

Commercial Metals Company's Board of Directors, in consultation with its independent financial and legal advisers, will review the letter and determine a response that is in the best interests of the Company and its stockholders. The Company noted that Icahn's letter did not constitute a formal offer and, as such, stockholders do not need to take any action.

The Company noted that, in a highly cyclical industry, it continues to make significant progress on many key fronts to enhance performance and position Commercial Metals Company for future success, showing improved financial results in fiscal 2011.

If you are a current shareholder and would like to discuss your options of exercising your rights as a shareholder, which includes ensuring that the company is getting the highest possible price for the company, and that the board of directors will act in the best interest of the shareholders, please contact us.

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