Tenaris (TS) Sells Hydril Pressure Control Business to GE
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Tenaris S.A. (NYSE: TS) entered into an agreement with General Electric Company (NYSE: GE), pursuant to which it will sell the pressure control business acquired as part of the Hydril transaction to GE for an amount equivalent on a debt-free basis to US$1,115 million.
The agreement is subject to governmental and regulatory approvals and other customary conditions and is expected to close during the second quarter.
The agreement is subject to governmental and regulatory approvals and other customary conditions and is expected to close during the second quarter.
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