USIMINAS SPLIT in 2.
Ternium stays with Usiminas São Paulo
Nippon stays with Usiminas Ipatinga
(Some cash adjustments for one of the sides)
Excellent solution for this hard dispute. No one has to buy expensive or sell cheap.
TX will proove why it is considered the best management team in the world.
In the steel industry. After 9 years of intense development, with merges and aquisition.
TX earnings will finally explode.
The Usiminas issue will soon be solved. Or TX turns Usiminas the way they want or brasilians and japaneses rivals will have to pay a BIG MONEY for TX to leave the company. They wont sell it cheap. And with this huge cash TX will like in Disneyland to shop still plants around Latin America at ridiculous LOW PRICE.
With massive 35 millions USIMINAS ON shares stake, owned by TX and borrowed for other minor share holder, loyal to TX. ... The game is OVER for NIPPON STEEL.
TX - Techint, will soon restabilsh its original board of president, ceo, cfo etc.
And the motive TX droped from high 30´s to this ridiculous 18 will no longer exist.
Time to BUY