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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 junior-oilon Oct 30, 2019 1:55pm
165 Views
Post# 30287678

Class B Can Vote in Directors Now

Class B Can Vote in Directors NowOne good thing coming out of cutting the dividend is now the Class B shareholders have a vote for the Board of Directors in line with the Class A shareholders. If the company doesn't pay a dividend of at least 7.5 cents per share per annum for each of 8 consecutive quarters we get that right. So I'm thinking Mr. Watsa is going to be looking to clean house next May and either put us up for sale or right the ship here.
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