CSN seeks to force Ternium into offer for Usiminas shares

Feb 05, 2013 | 03:01 PM | Juan Weik

Tags  CSN, Cia. Siderurgica Nacional, Usiminas, Usinas Siderirgicas de Minas Gerais, Ternium, Tenaris, steel, steelmaking lawsuit

SÃO PAULO — Brazil’s Cia. Siderúrgica Nacional (CSN) has filed a lawsuit that would force a trio of its competitors to pay as much as $2.64 billion to buy up minority shareholdings in steelmaker Usinas Siderurgicas de Minas Gerais SA (Usiminas).

CSN’s lawsuit was filed against Ternium SA and its Argentinian steelmaking subsidiary Ternium Siderar, along with Confab Industrial SA, the Brazilian subsidiary of Luxembourg-registered pipe maker Tenaris SA. ....

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