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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 16, 2017 1:12pm
121 Views
Post# 25988939

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

RE:RE:RE:Two Form 45-102F1 filed yesterday - Very interesting!Yes Don, of the 21 notices on SEDAR going back to 2007 this is the first A share transaction.  Over the years the Thall's have reduced their B shares by about 800,000 shares, but no one has gone to the well with A shares in their bucket and all of the other transaction appear to be housekeeping measures at best.

When you look at the collection of families associated with each of the Voting Trust it is hard to discern how you would ever herd all of these cats towards any kind of coherent decision about anything.  None of them can be happy about the severe erosion in both the value of their shares and the dividend income.  Some may hold a nostalgic affection for the Atkinson Principles, but much time has elapsed that makes them far less relevant in 2017. 

Perhaps the sale of 1.7 million shares by the Campbell family has to be a sign of something, but until it is disclosed who the shares were sold to it will remain a mystery.
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