Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Ternium SA (ADR)    TX

Delayed Quote. Delayed  - 09/28 10:02:01 pm
19.82 USD   +4.92%
09/13 TERNIUM : informa que Usiminas anunció la finalización del proceso d..
09/13 TERNIUM : Reports That Usiminas Announced Completion of Its Debt Res..
08/03 TERNIUM : Tenaris anuncia los resultados del segundo trimestre de 20..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Ternium S.A. (ADR) : Ternium Completes Acquisition of Participation in Usiminas Control Group

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/17/2012 | 03:13pm CEST
Sebastián Martí Ternium - Investor Relations

+1 (866) 890 0443

+54 (11) 4018 2389 www.ternium.com

Ternium Completes Acquisition of Participation in Usiminas Control Group

Luxembourg, January 17, 2012 -Ternium S.A. (NYSE: TX) announced today that, together with its Argentine subsidiary Siderar and Confab Industrial S.A., a subsidiary of Tenaris S.A. ("TenarisConfab"), it completed the previously announced acquisition of 139.7 million ordinary shares of Usinas Siderúrgicas de Minas Gerais S.A. - USIMINAS ("Usiminas") from Camargo Corrêa, Votorantim and Caixa dos Empregados da Usiminas (Usiminas' employee pension fund - "CEU"), or
27.7% of the voting capital, at a price of BRL36 per ordinary share (approximately USD19). Ternium and Siderar financed their BRL4.1 billion share (approximately USD2.2 billion) with cash on hand and, in the case of Ternium, a USD700 million syndicated term loan.
Following the closing of the transaction, Messrs. Daniel Novegil, Roberto Vidigal and Alcides Morgante were appointed as members of Usiminas' board of directors, together with their alternates, to replace the board members nominated by Camargo Correa and Votorantim. In addition, Usiminas' board of directors appointed Julián Eguren, previously a senior executive with Ternium, as chief executive officer (Diretor-Presidente) of Usiminas.
With strategically located facilities near the main consumers of steel in Brazil and iron ore mines in the Serra Azul region, Usiminas is the largest flat steel producer in the country, with 9.5 million tons of crude steel capacity, and the leader in the Brazilian flat steel market. Usiminas is organized under four main business units: Mining, Steel, Steel Processing and Capital Goods. In 2010, Usiminas had net sales of BRL13.0 billion (approximately USD7.4 billion).

Forward Looking Statements

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. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products and other factors beyond Ternium's control.

1

About Ternium

Ternium is a leading steel company in Latin America, manufacturing and processing a wide range of flat and long steel products for customers active in the construction, home appliances, capital goods, container, food, energy and automotive industries. With its principal operations in Mexico and Argentina, Ternium serves markets in the Americas through its integrated manufacturing system and extensive distribution network. The Company has an annual production capacity of approximately ten million tons of finished steel products. More information about Ternium is available at www.ternium.com.

2

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TERNIUM SA (ADR)
09/13 TERNIUM : informa que Usiminas anunció la finalización del proceso de reestructu..
09/13 TERNIUM : Reports That Usiminas Announced Completion of Its Debt Restructuring P..
08/03 TERNIUM : Tenaris anuncia los resultados del segundo trimestre de 2016
08/02 TERNIUM : Announces Second Quarter and First Half 2016 Results
07/19 TERNIUM : Announces Completion of Usiminas’ Capital Increase Process
06/09 TERNIUM : Subscribes to Additional Shares in Usiminas Capital Increase
06/01 NIPPON STEEL LOOKS TO BREAK UP USIMI : source
06/01 Nippon steel denies reports it plans to break up Usiminas
05/27 Nippon Steel moving to block new CEO at Brazil's Usiminas
05/23 TERNIUM : Participates in Usiminas Capital Increase
More news
Sector news : Iron, Steel Mills & Foundries
09/27DJSamarco Mineraç ã o Bonds Plummet After Missed Interest Payment
09/23 ANGLO AMERICAN : names new finance director
09/23DJAnglo American Appoints Fortescue's Stephen Pearce as CFO
09/23DJAnglo American Appoints Fortescue's Stephen Pearce as CFO
09/23DJU.S. Steelmakers Ready China Complaints -- WSJ
More sector news : Iron, Steel Mills & Foundries
News from SeekingAlpha
09/26 Coal Leads Basic Materials Dogs To Dividend Safety In September
09/26 Coal Still Brightest Of The Basic Materials For September
08/26 Steel, Coal & Chemicals Found As 'Safe' Basic Materials Dogs For August
08/25 AUGUST BASIC MATERIALS : All That Glitters Is Coal
08/07 Ternium's (TX) CFO Pablo Brizzio on Q2 2016 Results - Earnings Call Transcrip..
Advertisement
Financials ($)
Sales 2016 7 197 M
EBIT 2016 1 016 M
Net income 2016 510 M
Debt 2016 927 M
Yield 2016 4,47%
P/E ratio 2016 7,45
P/E ratio 2017 8,53
EV / Sales 2016 0,65x
EV / Sales 2017 0,61x
Capitalization 3 787 M
More Financials
Chart TERNIUM SA (ADR)
Duration : Period :
Ternium SA (ADR) Technical Analysis Chart | TX | US8808901081 | 4-Traders
Full-screen chart
Technical analysis trends TERNIUM SA (ADR)
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 24,8 $
Spread / Average Target 31%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Daniel Agustín Novegil Chief Executive Officer & Director
Paolo Rocca Chairman
Oscar Montero Martínez General Director-Planning & Operations
Pablo Brizzio Chief Financial Officer
Roberto Demidchuk Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TERNIUM SA (ADR)51.97%3 865
INNER MONGOLIA BAOTOU ..-23.82%13 426
BAOSHAN IRON & STEEL C..-12.19%12 098
CHINA STEEL CORPORATIO..--.--%11 069
JFE HOLDINGS, INC.-24.71%8 863
JSW STEEL LIMITED70.90%6 389
More Results