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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

Comment by Mediawatcheron Mar 06, 2017 9:23am
165 Views
Post# 25936059

RE:RE:RE:RE:TD's spin on new CEO

RE:RE:RE:RE:TD's spin on new CEOYes, this provision places a floor of 7.5 cents per annum over 2 consecutive years and you can be sure the Voting Trust will maintain this minimum level before throwing the destiny of the company into the great unwashed hands of the B shareholders. This is precisely why investors hate dual class shares, but investors know what they are getting into in this type of situation.  

Perhaps the Voting Trust will yield the company to a benevolent new owner who would preserve the Atkinson Principles and I'm sure Fairfax has tried this approach. Clearly it hasn't worked yet, but if the leadership of the Voting Trust is dislodged and a more practical business approach is adopted there may be hope for the future. In the meantime we need Boynton to work some magic to shake up Sleepy Hollow. 
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