(Bloomberg) -- Ternium SA agreed to buy Grupo Imsa SAB, Mexico's largest coated-steel producer, for about $1.7 billion to tap the country's rising demand for zinc-coated and painted steel.
Ternium offered $6.40 a share for all of Imsa, the Luxembourg-based steelmaker said today in a statement distributed by Business Wire. That's about 4.7 percent more than the Monterrey-based company's closing share price of 67 Mexican pesos ($6.11) on April 27.
Read more at Bloomberg Emerging Markets News
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