Ternium Declines to Improve Offer to Acquire Minority Participation in Ternium Mexico Owned by Ternium Argentina

Rhea-AI Summary

Ternium S.A. (NYSE:TX) announced on March 18, 2022, that its board declined Ternium Argentina's request to improve the terms of a previously disclosed offer to acquire the remaining minority stake in Ternium Mexico. The decision reflects Ternium's commitment to exploring options aimed at streamlining its corporate structure and enhancing shareholder value. Ternium is a leading flat steel producer in Latin America, serving various industries through its extensive manufacturing and distribution networks.

Positive

• Ternium is committed to exploring options to streamline its corporate structure, potentially leading to enhanced shareholder value.

Negative

• Declining the request to improve acquisition terms may indicate missed opportunities for expansion in the Mexican market.

LUXEMBOURG / ACCESSWIRE / March 18, 2022 / Ternium S.A. (NYSE:TX) announced that today its board of directors resolved to decline Ternium Argentina's request that Ternium considered improving the terms and conditions of its previously disclosed offer to acquire the minority participation in Ternium Mexico that Ternium does not own directly. Ternium will continue exploring options to streamline its corporate structure and add value to its shareholders.

About Ternium

Ternium is Latin America's leading flat steel producer, with operating facilities in Mexico, Brazil, Argentina, Colombia, the southern United States and Central America. The company offers a broad range of high value-added steel products for customers active in the automotive, home appliances, HVAC, construction, capital goods, container, food and energy industries through its manufacturing facilities, service center and distribution networks, and advanced customer integration systems. More information about Ternium is available at www.ternium.com.

Forward Looking Statements

Some of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products and other factors beyond Ternium's control.

Contact:

Sebastián Martí
Ternium - Investor Relations
+1 (866) 890 0443
+54 (11) 4018 8389
www.ternium.com

SOURCE: Ternium S.A.

View source version on accesswire.com:
https://www.accesswire.com/693760/Ternium-Declines-to-Improve-Offer-to-Acquire-Minority-Participation-in-Ternium-Mexico-Owned-by-Ternium-Argentina

FAQ

What did Ternium S.A. announce on March 18, 2022?

Ternium S.A. announced that it declined Ternium Argentina's request to improve its offer for the minority share in Ternium Mexico.

What is the significance of Ternium's decision regarding Ternium Mexico?

The decision reflects Ternium's strategy to maintain its current acquisition terms and focus on streamlining corporate structure.

How does Ternium plan to add value to its shareholders?

Ternium plans to explore various options aimed at streamlining its corporate structure.

What industries does Ternium serve with its steel products?

Ternium serves industries such as automotive, home appliances, HVAC, construction, and energy.