What was in this deal for Mittal?

What was in this deal for Mittal?

Arcelor shareholders will get 13 Mittal Steel shares plus 150.6 Euros in cash for 12 Arcelor shares. The $33.7 billion (Rs 1,52,000 crore approx) deal will leave 43 per cent of the shares with the Mittal family, creating the largest steel company.

Who bought Mittal Steel?

Cleveland-Cliffs Inc.
Cleveland-Cliffs Inc. has purchased steelmaker ArcelorMittal’s U.S. assets for $1.4 billion. CLEVELAND, Ohio – The iron-ore mining company, Cleveland-Cliffs Inc., has acquired the U.S. assets of ArcelorMittal, the world’s largest steelmaker, for $1.4 billion in cash and stock, the companies announced Monday.

When did Arcelor and Mittal merger?

June 25, 2006
On June 25, 2006, the Arcelor board decided to go ahead with the merger with Mittal Steel and scrapped plans for Severstal Steel. According to the terms of the deal, Arcelor investors received 50.5% of ownership, and Mittal Steel investors received 49.5% of ownership of the merged company.

Where does ArcelorMittal do business in the UK?

Fore 2 3rd Floor, Huskisson Way Shirley, Solihull, West Midlands, B90 4SS Private limited Company Last accounts made up to 31 December 2019 82990 – Other business support service activities not elsewhere classified

Why is ArcelorMittal a World Steel Champion?

ArcelorMittal has been recognised as a Steel Sustainability Champion for the third year running by the World Steel Association (worldsteel). ArcelorMittal has joined forces with leading researchers and medical professionals in Spain to produce ventilators, ramping up efforts to find solutions for treating coronavirus.

Is there a share buy back program for ArcelorMittal?

ArcelorMittal announces closing of its second share buyback program and launching of a third US$750 million share buyback program. Are you looking for a report, policy or procedure?