Ternium Files Registration Statement with U.S. Securities and Exchange Commision for Initial Public Offering.LUXEMBOURG -- Ternium S.A. announced today that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC) related to its proposed initial public offering of 24.8 million American Depositary Shares American Depositary Share (ADS)Foreign stock issued in the US and registered in the ADR system. (ADSs), each representing ten shares of common stock. Ternium has granted the underwriters an option to purchase up to 3.7 million additional ADSs to cover over-allotments. 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). of the proposed offering to pay down debt. Ternium has made an application to list its ADSs 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 is one of the largest steel producers in the Americas, offering a wide range of flat and long steel products. Ternium is domiciled in Luxembourg and its operating locations in Argentina (Siderar), Mexico (Hylsa) and Venezuela (Sidor) provide it with a strong position from which to serve its core markets. In addition, Ternium reaches the international markets through its broad distribution network. The ADSs will be offered by a group of underwriters led by Citigroup Global Markets Inc., the bookrunner for the proposed offering. The proposed offering will be made solely by means of a prospectus. Copies of the preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offering, when available, may be obtained from Citigroup, 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, 8th floor, Brooklyn, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 11220 (telephone: 718-765-6732). A registration statement relating to the ADSs has been filed with the SEC and is available at www.sec.gov, but it has not yet become effective. The ADSs may not be sold, and offers to buy ADSs may not be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, ADSs. There will be no sale of ADSs 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion