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Europe Daily Bulletin No. 9211

15 June 2006
Contents Publication in full By article 42 / 48
ECONOMIC INTERPENETRATION / (eu) metals

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.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION