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.

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Tenaris ADR Rep 2 Ord Shs

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Post by twentychanceson Jul 18, 2020 10:12pm

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Post# 31286350

Mr. Groia's valuation!

https://www.bloomberg.com/amp/news/articles/2020-07-15/torstar-takeover-bid-prompts-complaints-to-securities-regulator

Groia’s concerns also include whether Fairfax should be allowed to vote at the shareholder meeting, the use of lockup agreements to prevent an auction, and Torstar’s rationale for accepting what could be seen as a lower price offer.

He also cited a lack of disclosure on the value of the company: Groia calculates Torstar has C$250 million in private-equity investments, C$80 million in cash and C$30 million in property, calling into question a C$60 million offer.

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Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload