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Stock Market & Financial Investment News

News Breaks
November 30, 2012
18:58 EDTTX, TYEKF, SIDCSN offers $3B for ThyssenKrupp Americas plants, Bloomberg reports
CSN (SID) is said to have offered $3B to ThyssenKrupp (TYEKF) for two of its plants in the Americas and will participate in the final found of negotiations for the plants along with Ternium SA (TX), according to a Bloomberg report that cites people familiar with the matter. ThyssenKrupp initially received eight bids for the plants, which are in the U.S. and Brazil, the report said. Reference Link
News For SID;TYEKF;TX From The Last 14 Days
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April 16, 2015
09:01 EDTTXTernium says Usiminas share buying triggered mandatory tender offer
Ternium made a public statement with respect to the decision by the staff of the Brazilian securities regulator, the CVM, that determined that Ternium's acquisition of 51.4M ordinary shares of Usinas Siderúrgicas de Minas Gerais, or USIMINAS, completed on October 30, 2014, triggered a requirement under applicable Brazilian laws and regulations for Usiminas' controlling shareholders to launch a tender offer to all non-controlling holders of Usiminas ordinary shares. The CVM staff's determination was made further to a request by Nippon Steel & Sumitomo Corporation and its affiliates, who alleged that Ternium's 2014 acquisition had exceeded a threshold that triggers the tender offer requirement. In the CVM staff's view, the 2014 acquisition exceeded the applicable threshold by 5.2M shares. Ternium said it will assess its options with respect to such determination, including taking the matter to the CVM's Board of Commissioners. An appeal before the CVM's Board of Commissioners would stay the effects of the staff's decision until such Board rules on the matter. Alternatively, under applicable CVM rules Ternium may also elect to sell to third parties the 5.2M shares allegedly acquired in excess of the threshold, in which case no tender offer would be required.
April 15, 2015
10:46 EDTTXBofA/Merrill metals/mining/steel analysts hold analyst/industry conference call
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