ArcelorMittal : Calvert: a coveted asset literally for free but a deal with little chance of success
>A deal agreed in the context of the larger Nippon-US Steel transaction - ArcelorMittal announced on Friday it had agreed to acquire Nippon Steel's 50% stake in Calvert, the Alabama-based re-roller, in case the Japanese steelmaker would proceed with its acquisition of US Steel. AM points out the deal was initiated by Nippon Steel to alleviate possible antitrust concerns in the US on US Steel, a deal announced in December for $ 14bn. ArcelorMittal will acquire the 50% ...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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