FORM 6 - K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
As of 7/26/2007
Ternium S.A.
(Translation of Registrant's name into English)
Ternium S.A.
46a, Avenue John F. Kennedy - 2nd floor
L-1855 Luxembourg
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or 40-F.
Form 20-F [X] Form 40-F [_]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12G3-2(b) under the Securities Exchange Act of 1934.
Yes [_] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
Not applicable
The attached material is being furnished to the Securities and Exchange
Commission pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange
Act of 1934, as amended.
This report contains Ternium S.A.'s press release announcing it obtains full
ownership of Grupo Imsa.
Ternium Obtains Full Ownership of Grupo Imsa
LUXEMBOURG--(BUSINESS WIRE)--July 26, 2007--Ternium S.A. (NYSE:TX)
announced today that, following the settlement of its previously
announced tender offer for shares of Mexico-based steel producer Grupo
Imsa S.A.B. de C.V. and the concurrent redemption of those shares not
tendered during the tender offer, it now owns all of the outstanding
share capital of Grupo Imsa. All of the shares tendered and redeemed
received the same price of US$6.40 per share in cash.
With the completion of the transactions described above, Ternium
has significantly expanded its business in North America, a region
that now accounts for a majority of its net sales, and has broadened
its presence in Mexico, which is the second largest flat steel market
in the Americas behind the United States. Ternium plans to move
promptly to integrate Grupo Imsa into its industrial and supply-chain
systems.
To finance the transactions consummated today, partially refinance
existing debt and pay associated taxes and expenses, Ternium and
certain of its Mexican subsidiaries (including Grupo Imsa) are or will
become parties to syndicated term loan facilities in the aggregate
principal amount of up to US$3.8 billion. Ternium will consolidate
Grupo Imsa's balance sheet and results of operations in its
consolidated financial statements from July 26, 2007.
Forward Looking Statements
Some of the statements contained in this press release are
"forward-looking statements." Forward-looking statements are based on
management's current views and assumptions and involve known and
unknown risks that could cause actual results, performance or events
to differ materially from those expressed or implied by those
statements. These risks include but are not limited to risks arising
from uncertainties as to gross domestic product, related market
demand, global production capacity, tariffs, cyclicality in the
industries that purchase steel products and other factors beyond
Ternium's control.
About Grupo Imsa
Grupo Imsa is a steel manufacturer with operations in Mexico, the
United States and Guatemala. It has an annual production capacity of
2.2 million tons of hot rolled coils, 1.8 million tons of cold rolled
products and 1.7 million tons of galvanized products. In addition,
Grupo Imsa produces panels and other steel products. Grupo Imsa had
net sales of US$3.4 billion in 2006.
About Ternium
Ternium is one of the leading steel companies in the Americas,
producing a wide range of flat and long steel products. With
operations in Mexico, Argentina and Venezuela and 18,000 employees,
Ternium had net sales of US$6.6 billion and shipments of 9.0 million
tons of steel products in 2006. More information about Ternium is
available at www.ternium.com.
CONTACT: Ternium
Investor Relations:
Sebastian Marti, +1 866-890-0443
or
+52 81-8865-2111
or
+54 11-4018-2389
www.ternium.com
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
TERNIUM S.A.
By: /s/ Roberto Philipps By: /s/ Daniel Novegil
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Name: Roberto Philipps Name: Daniel Novegil
Title: Chief Financial Officer Title: Chief Executive Officer
Dated: July 26, 2007