ArcelorMittal : ArcelorMittal USA goes to Cleveland Cliffs: an unexpected (but) attractive deal
>ArcelorMittal inks a deal with Cleveland-Cliffs on ArcelorMittal USA - ArcelorMittal has announced it has entered into a definitive agreement with Cleveland-Cliffs Inc. pursuant to which Cleveland-Cliffs will acquire 100% of the shares of ArcelorMittal USA for an aggregate equity value consideration of $ 1.4bn combining cash ($ 0.5bn) and stock ($ 0.8bn). In addition, Cleveland-Cliffs will assume the liabilities of ArcelorMittal USA, including net liabilities of arou...ArcelorMittal is a steel company, based in Luxembourg, with operations in more than 60 countries. Co. is active in all major global steel markets, including automotive, construction, household appliances and packaging, as well as activities in Research & Development and technology, with captive supplies of raw materials and its own distribution network. Co. has an industrial presence in over 20 countries spanning four continents, covering key steel markets, from emerging to mature. Co. offers a complete spectrum of steel products from commodity steel to value-added products, from long products to flat, from standard to specialty products, from carbon steel to stainless steel and alloys.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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