Acerinox’s board ends merger talks with Aperam


MADRID (Reuters) – The board of Spanish steel maker Acerinox unanimously voted on Monday to end the preliminary talks started with rival Aperam for a potential tie-up, the company said in a filing to the Spanish stock market regulator.

The two companies said last week said they had started merger talks.

Shares of Acerinox traded 3.7% lower after disclosing the end of the merger talks.

(Reporting by Inti Landauro, Editing by Louise Heavens)

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