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Acerinox, S.A. (ACX.MC)

MCE - MCE Delayed Price. Currency in EUR
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8.72-0.11 (-1.23%)
At close: 05:35PM CEST
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Neutralpattern detected
Previous Close8.83
Bid8.69 x 0
Ask8.70 x 0
Day's Range8.50 - 8.93
52 Week Range8.50 - 12.90
Avg. Volume1,667,086
Market Cap2.313B
Beta (5Y Monthly)1.39
PE Ratio (TTM)3.12
EPS (TTM)2.80
Earnings DateJul 29, 2022
Forward Dividend & Yield0.50 (5.73%)
Ex-Dividend DateJul 01, 2022
1y Target Est15.98
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      The board of Spanish steel maker Acerinox announced on Monday that it was walking away from preliminary talks with Dutch rival Aperam for a potential tie-up that would have created a European stainless steel giant. "The board of the company in a meeting today agreed unanimously not to continue with the preliminary talks with Aperam to evaluate a possible corporate operation," Acerinox said on Monday in a filing to Spain's stock market regulator. Such a deal would have run into intense scrutiny from the European competition authorities as the resulting company, with a capacity to produce 2.3 million tonnes of stainless steel a year, would have dwarfed current leader Finland's Outokumpu, according to analysts.