Previous Close | 3.4000 |
Open | 3.4600 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's Range | 3.4000 - 3.4600 |
52 Week Range | 2.1200 - 4.1500 |
Volume | |
Avg. Volume | 15,582 |
Market Cap | 4.092B |
Beta (5Y Monthly) | 2.42 |
PE Ratio (TTM) | 7.56 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Jul 06, 2021 |
1y Target Est | N/A |
Vallourec's (VLOWY) newest contract represents the fourth significant order that it has received under a long-term agreement (LTA) with ExxonMobil Guyana (XOM).
ArcelorMittal (MT) to acquire a 28.4% stake in Vallourec. This will enhance downstream presence with a focus on Vallourec's expertise and low-carbon production centers.
ArcelorMittal, the world's second-largest steelmaker, said it signed an agreement with funds managed by Apollo Global Management to buy 65.24 million shares in the France-based company for 14.64 euros apiece. The Luxembourg-based holding company does not intend to launch a tender offer for Vallourec's remaining shares over the next six months, it added. "As a producer of premium tubular solutions, it (Vallourec)has a critical role to play in the energy transition, producing vital products for hydrogen, CCS and geothermal applications, for which demand is expected to grow... We look forward to being part of the company's future," Aditya Mittal, CEO of ArcelorMittal said.