Benteler Steel & Tube Manufacturing Abandons Merger With Tenaris After Justice Department Investigation
February 09, 2023
February 09, 2023
WASHINGTON, Feb. 9 -- The U.S. Department of Justice issued the following news release:
Tenaris, S.A. (Tenaris) confirmed that Benteler Steel & Tube Manufacturing Corp. (Benteler) has walked away from Tenaris's planned $460 million take-over of Benteler's state-of-the-art steel and tube manufacturing facility in Shreveport, Louisiana. The abandonment comes after the Justice Department's Antitrust Division raised competition concerns about the deal.
The proposed tran . . .
Tenaris, S.A. (Tenaris) confirmed that Benteler Steel & Tube Manufacturing Corp. (Benteler) has walked away from Tenaris's planned $460 million take-over of Benteler's state-of-the-art steel and tube manufacturing facility in Shreveport, Louisiana. The abandonment comes after the Justice Department's Antitrust Division raised competition concerns about the deal.
The proposed tran . . .