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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 scissors14on Aug 26, 2016 3:03pm
182 Views
Post# 25181528

Fairfax Adds to Its Torstar Position

Fairfax Adds to Its Torstar PositionTorstar Corp. (TS.B-T) C$1.43 Fairfax Adds to Its Torstar Position Bentley Cross, CFA Event Fairfax announced it has purchased an additional 3.5 million TS.B shares Details Fairfax has acquired an additional 3.5 million shares of Torstar at a weighted average price of $1.50 (0.9 million shares acquired on June 3 at $1.77 and 2.6 million shares acquired on August 25 at $1.40). The 3.5 million shares purchased, brings Fairfax's total holdings in Torstar to 19.4 million shares, representing 27.4% of the class B shares. As a reminder, the Class B shares are non-voting, with the voting control held by the voting trust, which in turn is controlled by five family shareholder groups . The announcement represents Fairfax's first notable transaction in Torstar shares since March 2014, when the company acquired 2.4 million shares at $5.35/share.
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