Luxembourg firm, TENARIS (turnover of €5.36 billion in 2005 with 17700 employees) has launched a friendly takeover bid of USD 3.2 billion, including the debt of USD of 408 million, for the US firm MAVERICK TUBE CORPORATION (turnover €1.43 billion in 2005 with 4650 employees). It is offering to pay 65 dollars per share in cash. This deal should enable TENARIS to obtain a substantial lead on its direct competitor, the French company VALLOUREC.