September 08, 2008

Ternium sale of US assets to BlueScope cleared by US FTC

It is reported that US Federal Trade Commission has approved Ternium SA's sale of its US steel assets to BlueScope Steel.

The Federal Trade Commission included the deal on a list of transactions that received an early termination of their antitrust reviews. Early termination refers to the completion of a review by the FTC or Justice Department before the end of a 30-day period required under antitrust law.

Luxembourg-based Ternium said last month announced that BlueScope Steel Ltd bought a subsidiary's interests in four US businesses
1. Steelscape Inc
2. ASC Profiles Inc
3. Varco Pruden Buildings Inc
4. Metl-Span LLC