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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 modulexon Apr 21, 2018 1:00pm
124 Views
Post# 27921714

TORSTAR : SHARE OFFERING

TORSTAR : SHARE OFFERINGFORKLIFT - Tortstar has 71,037,088 class-b shares. if you would settle in having Fairfax offering $300M, this represents a $4.22 share offering to privatize torstar. I see an offer more in the range of $3.50, by miracle, at top $4.00. The recent posting by Mediawatcher (re: letter to Voting Trust) is totally relevant, exhaustive, but unfortunately, time has runned out for torstar. The share price is at $1.84 (last closing) and the 52-weeks HIGH is $1.90. A stock that cannot move forward at a greater pace than 2, 3, 4 pennies per day (after an overdue cycle reaching a 52-weeks LOW) is not holding much value. it is wrong to believe that Fairfax is a santa claus investor. Fairfax is in Torstar for its own pockets. The simple fact that the stock is unable to trade above a bottom-rock minimum price of $2.00 shows how struggling things are.
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