Tenaris SA, Luxembourg, (NYSE: TS) plans to acquire Maverick Tube Corp., Chesterfield, Mo., (NYSE: MVK) for US$65 per share in cash for a total deal value of US$3.2 billion, including Maverick's net debt. The deal represents a premium of approximately 42% to Maverick share price and a premium of approximately 24% to its 90-day average trading price. Tenaris will finance the acquisition through a combination of cash on hand and debt, for which bank commitments have already been secured.
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