Brazil's Usiminas says controller Ternium not discussing take-private deal
TX•Ternium denies take-private discussions
SAO PAULO, Aug 25 (Reuters) - Usiminas said on Tuesday that controlling shareholder Ternium denied a media report that it was considering taking the Brazilian steelmaker private.
- Usiminas shares jumped 8.7% on Monday after newspaper O Globo reported that Ternium was considering taking the company private.
- The report prompted Brazil's securities regulator CVM to seek clarifications from Usiminas.
- Usiminas shared in a securities filing a response from Ternium in which the U.S.-listed firm said it was "not engaged in any discussions or negotiations" regarding such a move.
- "Ternium clarifies that, in the ordinary course of business, it continuously evaluates strategic alternatives and opportunities related to its investments, including its stake in Usiminas," the filing added.
(Reporting by Gabriel Araujo; Writing by Isabel Teles)



