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Maverick Tube Deal Clearance

Shareholders agree to a buyout.

Maverick Tube


, a producer of welded tubular steel products for the oil and gas industry, said Monday that its shareholders approved the previously announced merger with a subsidiary of Luxembourg-based


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Maverick shareholders will receive $65 in cash for each share they hold. Maverick will become a wholly owned subsidiary of Tenaris when the deal closes Thursday.

This story was created through a joint venture between and IRIS.