首页|MAVERICK OFFERS 100 MILLION dollars FOR LTV'S TUBULAR PLANTS
MAVERICK OFFERS 100 MILLION dollars FOR LTV'S TUBULAR PLANTS
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St. Louis-based Maverick Tube Corp. will pay 110 million dollars in cash for LTV Corp.'s tubemaking operations, according to an agreement in principle. LTV's tubemaking division covers five plants in Georgia, Tennessee, Ohio, and Michigan. Its specialties are electrical conduit pipes, line pipe, and standard pipe for energy and construction markets. Maverick's product offerings are concentrated in oilfield markets. Maverick said it will wait to finalize he purchase until a new collective bar-gaining agreement with the LTV employees is complete, as well as an environmental review of the facilities, and approval from the bankruptcy court overseeing LTV's asset distribution.