Tenaris ADR Rep 2 Ord Shs T.TS.B

Primary Symbol: TS

Energy Oil & Gas Equipment & Services

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

Tenaris ADR Rep 2 Ord Shs > Class B Can Vote in Directors Now

<< Previous

Bullboard Posts

Next >>

Comment by junior-oilon Oct 30, 2019 2:59pm

127 Views

Post# 30288070

RE:RE:Class B Can Vote in Directors Now

The point is the Trust no longer has control now that the B's can vote. This is the first time that there hasn't been a dividend so this is pretty monumental. There are only 9.8 million class A shares and Hamblin Watsa (ie. Fairfax) owns 29 million. So Fairfax now has effective control of this company for at least the next 8 quarters. Do your research...

<< Previous

Bullboard Posts

Next >>

Three micro-cap value stocks trading at peak pessimism