Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 modulexon Nov 16, 2017 4:58pm
162 Views
Post# 26979904

TORSTAR

TORSTARMEDIAWATCHER - i understand and appreciate your informative thoughts regarding torstar, as the ones expressed by TEDDYBEAR1111 and others. Fairfax and partners (Funds/Institutions) own 70% of class-b shares. The minimum threshold of tendering of shares in a privatization/takeover offer is 66%, i believe. There are two Voting Trusts (Faith Harvey Spouse Trust and Estate of Faith E. Harvey) who own 20% of class-b shares. As for the post-acquisition value, justifying your forecast of a higher privatization price than $3.00/share, the current ts.b share price does not appear to have a $6.00 potential rise, unless there would be real steps taken to unlock shareholders' value. i dont see Fairfax positioning itself in taking over Torstar at such a high price. for such a $6 offer to happen, it would mean that the ts.b share price would need to trade at least at $4.00. Taking into account a 50% premium would then give a $6.00 offer.
<< Previous
Bullboard Posts
Next >>