We've Adjusted Our FVE for ArcelorMittal to Reflect Reverse Stock Split
Effective May 22, ArcelorMittal completed its share consolidation plan, which represents a 1-for-3 reverse stock split. As a result, our fair value estimates roughly triple to EUR 10.50 per share from EUR 3.50 and $11.50 per share from $3.80.As stated in the press release, the share consolidation is intended to better align the company's share count with those of other members of the EuroStoxx 600 and CAC40. The update has no impact whatsoever on our cash flow forecasts for ArcelorMittal, so ou...
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