Tenaris, Benteler abandon steel merger following US DOJ concerns
( February 6, 2023, 23:16 GMT | Official Statement) -- MLex Summary: Tenaris S.A. and Benteler Steel & Tube have abandoned their proposed acquisition following competitive concerns raised by the US Department of Justice, according to a DOJ press release. The $460 million proposed merger would have combined two manufacturers of steel tubes and pipes used in oil and gas production.Statement follows in full. ...
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