Siderca Announces That After Completion of the Tenaris Exchange Offer it No Longer Meets the Listing Requirements of the New York Stock Exchange.Business Editors BUENOS AIRES, Argentina--(BUSINESS WIRE)--Dec. 16, 2002 Siderca S.A.I.C., an Argentine corporation (MERVAL MERVAL Mercado de Valores de Buenos Aires SA : ERCA ERCA Essex Region Conservation Authority ERCA European Renal Care Association ERCA Electrochemically Regenerable Co Absorber and NYSE NYSE See: New York Stock Exchange : SDT) ("Siderca"), announced today that, upon consummation of the offer by Tenaris S.A. ("Tenaris") to exchange its shares and ADSs for shares and ADSs of Siderca, shares and ADSs of Tubos de Acero de Mexico S.A. and shares of Dalmine S.p.A, 99.11% of the shares issued and outstanding of Siderca will be held, directly or indirectly, by Tenaris, with the remainder, 0.89%, held by the public. As a result, Siderca will no longer meet the listing requirements of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . In accordance with Argentine law, Tenaris is entitled, and may also be required, to make an offer for the remaining shares of Siderca. Tenaris has announced that it intends to commence the necessary proceedings to that end shortly. |
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