Nearly nine months after the deal was announced, Tenaris completed its acquisition of IPSCO Tubulars, a US manufacturer of steel pipe. Houston-based IPSCO is a subsidiary of TMK, the leading Russian manufacturer of oil country tubular goods. The world’s largest maker of seamless-steel pipes for oil and gas paid TMK $1.067 billion cash, including about $220 million in working capital. The transaction was valued at $1.21 billion when it was announced last March. The......
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