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Tenaris ADR Rep 2 Ord Shs T.TS.B


Primary Symbol: TS

Tenaris S.A. is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products. It operates in geographical areas, such as North America, South America, Europe, Middle East and Africa, and Asia Pacific. Its products and services include OCTG, Premium Connections, Rig Direct, Offshore Line Pipe, Onshore Line Pipe, Hydrocarbon Processing, Power Generation, Sucker Rods, Coiled Tubing, Industrial and Mechanical, and Automotive.


NYSE:TS - Post by User

Post by twentychanceson Aug 04, 2020 2:07pm
200 Views
Post# 31362496

Not trying to get the last word....

Not trying to get the last word....I wonder if it is easy to do something like the following:

Sell a company for 400 million.

Use 200 million to pay debts.

Tell eveyone that  the remaining $200 million was spent on partial ownership of an internet firm, but in fact split the $200 million amongst a small group.

I wonder if doing something like that is easy in terms of accounting "games" ?
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