Ternium's Initial Public Offering Priced at $ 20 per ADS.LUXEMBOURG -- Ternium S.A. announced today that its initial public offering of 24,844,720 American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. (ADSs), each representing 10 shares of Ternium's common stock, was priced at $ 20 per ADS. Ternium's ADSs will trade on 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. under the symbol "TX." Ternium has granted the underwriters an option to purchase up to 3,726,708 additional ADSs to cover over-allotments, if any. Ternium intends to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering to repay debt. Ternium is one of the largest steel producers in the Americas, offering a wide range of flat and long steel products. Ternium has operating locations in Argentina, Mexico and Venezuela that provide it with a strong position from which to serve its core markets. In addition, Ternium reaches the global markets through its broad distribution network. Citigroup Global Markets Inc. is the book-running manager for the offering. Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank Securities Inc., JPMorgan Securities Inc., Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. & Co. Incorporated, BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. Securities Corp.,
Calyon Securities (USA) Inc., and Bayerische Hypo- und Vereinsbank AG
are acting as co-managers for the offering.
A registration statement (including a prospectus) relating to the ADSs was filed with and declared effective by the U.S. Securities and Exchange Commission. No filing was made in connection with the offering of ADSs with any regulatory authority in any other jurisdiction, and no approval was granted by any such regulatory authority for use of the prospectus in connection with an offering in any such jurisdiction. The offering is being made publicly solely in the United States. No public offering is being made in Luxembourg, Argentina, Mexico, Venezuela or any other jurisdiction. This press release does not constitute, and may not be used in connection with, an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not permitted by law or in which the person making the offer or solicitation is not qualified to do so or to any person to whom it is unlawful to make such offer or solicitation. The offering of the ADSs is being made only by means of a prospectus. Copies of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. , when available, may be obtained from the U.S. Securities and Exchange Commission's website at www.sec.gov or from Citigroup Global Markets Inc., Prospectus Department, Brooklyn Army Terminal The Brooklyn Army Terminal consists of large complex of piers, docks, warehouses, cranes, railroad sidings and cargo loading equipment. The terminal was responsible for shipment of army equipment and personnel overseas. , 140 58th Street, Brooklyn, NY 11220 (telephone: 718-765-6732). |
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