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Stock Market News

Acerinox’s board ends merger talks with Aperam

06/06/2022

Less than a minute

2022.06.06 16:06

Acerinox's board ends merger talks with Aperam
FILE PHOTO: The logo of Spanish stainless steel manufacturer Acerinox is pictured during the “Tube Fair” in Duesseldorf, Germany, April 7, 2016. REUTERS/Wolfgang Rattay

MADRID (Reuters) – The board of Spanish steel maker Acerinox unanimously voted on Monday to end the preliminary talks started with rival Aperam for a potential tie-up, the company said in a filing to the Spanish stock market regulator.

The two companies said last week said they had started merger talks.

Shares of Acerinox traded 3.7% lower after disclosing the end of the merger talks.

Source

06/06/2022

Less than a minute