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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 DonPlata33on Mar 16, 2017 7:15am
104 Views
Post# 25986483

RE:RE:Two Form 45-102F1 filed yesterday - Very interesting!

RE:RE:Two Form 45-102F1 filed yesterday - Very interesting!Thank you for your comments, Mediawatcher. These are well appreciated.
Yes, we have to wait for more information, but it's interesting that all Form 45-102F1 on Sedar are for Class B shares (selling over the TSX, not privately). Never before Class A shares have been offered (of course, can only be offered privately). Futhermore, the authorized person of the two selling companies is Campbell Harvey, one of the Voting Trustees (Torstar Info Circular 2016) and a Board Member of Torstar. If he personally would be cashing out, it would have personal consequences for the Voting Trust and the Board of Torstar. But let's wait...
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