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TUBOS DE ACERO DE MEXICO FILES REGISTRATION STATEMENT WITH SEC

 VERCRUZ, April 20 /PRNewswire/ -- Tubos de Acero de Mexico, S.A. (AMEX: TAM) announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to 13,395,600 shares of its common stock.
 Subject to the approval of the shareholders' at a meeting to be held on May 14, 1993, the common stock will be offered to existing holders (including holders of American Depositary Shares representing common stock) in a rights offering. The rights, which will be non- transferable, will entitle a holder to purchase six additional shares for each 25 shares held.
 The subscription price is expected to be between U.S.$5.50 and U.S.$5.65 per share. The proposed record date for the rights offering is the close of business on May 14, 1993, and the rights offering is expected to terminate on June 4, 1993. Siderca International, N.V., a subsidiary of Siderca Sociedad Anonima Industrial y Comercial, has agreed, subject to certain conditions, to purchase at the subscription price any shares that remain unsubscribed after the termination of the rights offering.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 4/20/93
 /CONTACT: Alfredo Freyssinier of Tubos de Acero de Mexico, 011-525-202-0165/
 (TAM)


CO: Tubos de Acero de Mexico ST: IN: SU: OFR

PS -- NY114 -- 8396 04/20/93 20:00 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
Words:315
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