Key Developments: Ternium SA (TX)
23.62USD
23 May 2013
$-0.18 (-0.76%)
$23.80
$23.55
$23.78
$23.30
278,932
525,879
$24.61
$17.36
Latest Key Developments (Source: Significant Developments)
Ternium SA Comments On Q2 2013 Operating Income Guidance
Ternium SA announced that it expects to generate operating income in the second quarter of 2013 roughly in line with that of the first quarter of 2013. The Company reported EBIT of $271.80 million in the first quarter of 2013. Full Article
Ternium SA Proposes Annual Dividend
Ternium SA announced that the Board of Directors proposed an annual dividend of USD0.065 per share (USD0.65 per ADS), or approximately USD130.3 million in the aggregate, be approved at the Company's annual general shareholders' meeting, which is scheduled to be held on May 2, 2013. If the annual dividend is approved at the shareholders' meeting, it will be paid on May 10, 2013. Full Article
Ternium SA Comments On Q4 2012 Operating Income Guidance
Ternium SA announced that it expects reduced operating income in the fourth quarter of 2012 compared to the third quarter of 2012 mainly due to lower average prices in the North America Region and higher operating costs. Full Article
Ternium S.A. Comments On Q3 2012 Operating Income Guidance
Ternium S.A. announced that it expects shipment levels to remain steady in the third quarter 2012 compared to the second quarter 2012 as global economic uncertainty continues to adversely impact steel market growth prospects. The Company anticipates declining prices in the region during recent months will result in a lower average price in the third quarter 2012 compared to the second quarter 2012 and will consequently reduce third quarter 2012 operating income. Full Article
Ternium S.A. Comments On Q2 2012 Operating Income Guidance
Ternium S.A. announced that it expects slightly higher operating income in the second quarter of 2012 relative to operating income in the first quarter 2012, mainly due to an increase in shipments, reflecting a gradual recovery of economic activity in the Americas, particularly in North America. Full Article
Ternium S.A. Comments On Q1 2012 Operating Income Guidance; Proposes Dividend
Ternium S.A. announced that it expects a lower operating income in the first quarter 2012 compared to the fourth quarter 2011, mainly as a result of lower EBITDA per ton, primarily due to an increase in cost per ton, and relatively stable shipments. The Company also announced that it has proposed that an annual dividend of USD0.075 per share (USD0.75 per ADS), or approximately USD150.4 million in the aggregate, be approved at the Company's annual general shareholders' meeting, which is scheduled to be held on May 2, 2012. If the annual dividend is approved at the shareholders' meeting, it will be paid on May 10, 2012. Full Article
Ternium S.A. Completes Acquisition Of Stake In Usinas Siderurgicas de Minas Gerais S.A.
Ternium S.A. announced 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 Siderurgicas de Minas Gerais S.A. -- USIMINAS (Usiminas) from Camargo Correa, 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 Julian Eguren, previously a senior executive with Ternium, as chief executive officer (Diretor-Presidente) of Usiminas. Full Article
Ternium SA’s Ternium Investments Sarl And A Group Of Investors Acquire Stake In Usinas Siderurgicas de Minas Gerais SA
Siderar SAIC announced that its subsidiary Prosid Investments SCA together with Ternium Investments Sarl, which is a subsidiary of Ternium SA, and Confab Industrial SA, which is a subsidiary of Tenaris SA (the buyers), have signed an acquisition agreement with VBC Energia SA, Votorantim Industrial SA y Caixa dos Empregados Usiminas (Fondo de Pension de empleados de Usiminas-CEU-), through which the buyers will acquire a total of 139.7 million shares of Usinas Siderurgicas de Minas Gerais SA, which represents a 27% of its capital, at a price of ARS 36 per share (approximately USD 19 per share). Full Article
Ternium S.A. To Pay $2.2 Billion For Usinas Siderurgicas de Minas Gerais SA Stake-Reuters
Reuters reported that Ternium S.A. would pay $2.2 billion to buy a stake in Usinas Siderurgicas de Minas Gerais SA from two of its minority shareholders. Ternium would pay 36 reais ($19) per ordinary share alongside its Argentinean subsidiary Siderar and Confab for a combined 14% of Usiminas' total share capital. Full Article
Ternium S.A. Seeks To Buy 26% Stake In Usinas Siderurgicas de Minas Gerais SA-DJ
Dow Jones reported that Ternium S.A. has made an offer to Brazilian industrial groups Camargo Correa and Votorantim to purchase their combined 26% stake in Usinas Siderurgicas de Minas Gerais SA. The Ternium offer would amount to around BRL5.2 billion, based on the number of ordinary shares Usiminas has in circulation. Full Article
STXNEWS LATAM-Ternium says pulls out of CSA bidding
Steel group Ternium, which controls Brazilian steelmaker Usiminas, has pulled out of the bidding for ThyssenKrupp's CSA steel mill in Rio de Janeiro, Ternium Chief Executive Daniel Novegil said Tuesday.
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