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SteelNerd

The catch-all author for posts gathered from steel companies & associations.

Posts by SteelNerd

ArcelorMittal buys call options for 26.5 million of its shares and sells 11. …

December 28, 2010

Luxembourg, 27 December 2010 – Following the reopening of its share buy-back program for up to 6% of its issued share capital announced on 26 November 2010, ArcelorMittal acquired on 18 December 2010 US dollar-denominated call options on 26,533,997 of …

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ArcelorMittal Requests Waiver of Baffinland Shareholder Rights Plan and Maintains December 29, …

December 22, 2010

ArcelorMittal has been advised by the Ontario Securities Commission (the OSC) that the application by Nunavut Iron Ore Acquisition Inc. (Nunavut) to cease trade the Baffinland Iron Mines Corporation (Baffinland) shareholder rights plan (the Rights Plan…

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ArcelorMittal Offer is a Bid for 100% of Baffinland’s Shares and is Financially Superior to …

December 21, 2010

ArcelorMittal’s Cash Offer of C$1.25 per Common Share for 100% of Baffinland’s Common Shares is Financially Superior to Nunavut’s Coercive Partial Bid
The Value of the Partial Offer by Nunavut is Highly Uncertain
Baffinland’s New Shareholder Rights …

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December 18 2010

December 20, 2010

This

Week’s Raw Steel Production

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In the week ending December 18, 2010,
domestic raw steel production was 1,697,000 net tons while the
capability utilization rate was 70.2 percent. Pro…

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ArcelorMittal Increases Offer Price and Lowers Minimum Tender Condition for Baffinland

December 19, 2010

Increased Offer Price of C$1.25 in Cash per Common Share
Baffinland Board Supports Increased Offer and Authorizes Adoption of New Shareholder Rights Plan
Approximately 25% of Baffinland Shares are Locked-Up to the ArcelorMittal Offer
Minimum Tender Co…

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Stainless steel business to be spun off from ArcelorMittal publishes its European prospectus …

December 16, 2010

Luxembourg 16 December 2010 – The stainless steel division of ArcelorMittal has today published its European prospectus and demerger plan, following the decision of the ArcelorMittal Board of Directors to proceed with the spin-off of the stainless stee…

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