U.S. Department of Justice clears Tenaris’s acquisition of IPSCO Tubulars from TMK
17 Diciembre 2019 - 5:24PM
Tenaris S.A. (NYSE, Mexico: TS and MTA Italy: TEN) announced today
that the U.S. Department of Justice (DOJ) has closed its
investigation of Tenaris’s proposed acquisition of IPSCO Tubulars,
Inc. from PAO TMK, a Russian company and manufacturer of steel
pipe.
The proposed acquisition was entered into on
March 22, 2019 pursuant to a Stock Purchase Agreement between a
wholly owned subsidiary of Tenaris and PAO TMK. Tenaris
expects to be able to consummate the transaction shortly.
Some of the statements contained in this press
release are "forward-looking statements". Forward-looking
statements are based on management's current views and assumptions
and involve known and unknown risks that could cause actual
results, performance or events to differ materially from those
expressed or implied by those statements.
Tenaris is a leading global supplier of steel
tubes and related services for the world’s energy industry and
certain other industrial applications.
Giovanni
SardagnaTenaris1-888-300-5432www.tenaris.com
Tenaris (BIT:TEN)
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