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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InTernium S.A. (NYSE:TX) has successfully completed the acquisition of 153.1 million ordinary shares of Usiminas. The transaction, valued at approximately $315.2 million in cash, saw Ternium purchase the shares from Nippon Steel Corporation and Mitsubishi Corporation. This strategic move is expected to strengthen Ternium's market position. The acquisition follows a period of robust performance for Ternium, with its stock surging 56.75% over the past year. The company currently boasts a significant market capitalization of $8.63 billion, underscoring its financial strength. Analysts view this consolidation positively, anticipating a bolstered outlook for Ternium's stock.