Vallourec SA (VLLP.PA)
17 Feb 2017
Latest Key Developments (Source: Significant Developments)
Anhui Tianda Oil Pipe Co Ltd <0839.HK>: Revised possible cash offer from Vallourec Tubes SAS for all the issued H shares in Anhui Tianda Oil Pipe . Vallourec Tubes SAS (offeror) to amend proposed terms of general offer by offering delisting premium of HK$0.01 per offer share . Says delisting premium is in addition to the basic offer price of HK$1.66 per offer share . Aggregate consideration payable per offer share to h shareholders if delisting resolution is approved is HK$1.67 per offer share . Revised offer is valued at approximately HK$503.7 million based on enhanced offer price and 301.6 million offer shares .Consideration payable under revised offer will be met from internalresources of offeror. Full Article
Vallourec SA:Says second quarter 2016 revenues and results are expected to be better than in the first quarter. Full Article
Vallourec SA:Announces launch of rights issue for about 480 mln euro with shareholders' preferential subscription rights.Subscription ratio: 8 new shares for 5 existing shares.Subscription price: 2.21 euro per new share.Subscription period: from April 11 to April 22 inclusive. Full Article
Vallourec SA:Le Monde says union officials are talking about 850 jobs being on the line at French metal tubes maker Vallourec. Full Article
PARIS, Jan 26 French steel pipe maker Vallourec and Asco Industries announced on Thursday the finalisation of their acquisition of the Saint Saulve steel mill in northern France.