Ternium S.A. (TX) Material Update (Form 6-K)

Ternium announced a major strategic transaction: acquiring the remainder of Nippon Steel/Mitsubishi’s stake in the Usiminas control group.

• Transaction: Ternium Investments will purchase 153.1 million ordinary shares for $315.2 million in cash ($2.06/share).
• Ownership Increase: Ternium’s participation in the Usiminas control group increases from 51.5% to 83.1%.
• Total Control: The T/T group (Ternium, Ternium Argentina, Confab) will hold 92.9% of the control group.
• Financing: The deal will be financed wit