AM InvestCo Italy sends withdrawal and termination notice from the lease and purchase agreement for Ilva business
Today, AM InvestCo Italy (‘the Company’) sent to Ilva’s Commissioners a notice to withdraw from, or terminate, the agreement (‘the Agreement’) for the lease and subsequent conditional purchase of the business of Ilva S.p.A. and certain of its subsidiaries (‘Ilva’), closed on 31 October 2018.
Read moreArcelorMittal and Marcegaglia submit offer to acquire Ilva
ArcelorMittal and Marcegaglia today announce they have submitted an offer for the acquisition of Ilva.
Read moreArcelorMittal completes acquisition of CSP in Brazil
ArcelorMittal (the ‘Company’) announces that following receipt of customary regulatory approvals it has completed the acquisition of Companhia Siderúrgica do Pecém (‘CSP’) in Brazil for an enterprise value of approximately $2.2 billion.
Read moreArcelorMittal and Nunavut Iron Ore become equal partners in Baffinland
ArcelorMittal and Nunavut Iron Ore, Inc., a subsidiary of Iron Ore Holdings, LP and a company in The Energy and Minerals Group, have agreed that Nunavut Iron Ore will increase its interest in Baffinland Iron Mines Corporation (Baffinland) from 30% to 50%.
Read moreArcelorMittal announces sale of Skyline Steel and Astralloy business in the NAFTA region to Nucor Corporation
ArcelorMittal announces today the sale of its steel foundation distribution business in NAFTA, namely Skyline Steel and Astralloy (“Skyline Steel”) to Nucor Corporation (“Nucor”) for a total consideration of approximately $605 million on a debt free and cash free basis (and subject to customary closing adjustments).
Read moreArcelorMittal and Nunavut iron announce take-up of additional Baffinland securities and recommend Baffinland securityholders tender to offer to ensure prompt payment
ArcelorMittal and Nunavut Iron Ore Acquisition Inc. ("Nunavut Iron" and, together with ArcelorMittal, the "Offerors") announced today that they have taken-up an additional 8,288,000 common shares (the "Common Shares") of Baffinland Iron Mines Corporation ("Baffinland") under their outstanding offer (the "Offer") of C$1.50 per Common Share and C$0.10 per common share purchase warrants issued pursuant to a warrant indenture dated 31 January 2007 (the "2007 Warrants") of Baffinland.
Read moreArcelorMittal and Nunavut Iron announce take-up of common shares and 2007 warrants of Baffinland and extend offer
ArcelorMittal and Nunavut Iron Ore Acquisition Inc. (together the "Offerors") today announced that they have waived the minimum tender condition under their offer (the "Offer") to purchase all of the outstanding common shares ("Common Shares") of Baffinland Iron Mines Corporation ("Baffinland") and all outstanding Common Share purchase warrants issued pursuant to a warrant indenture dated 31 January 2007 (the "2007 Warrants").
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