A Great Purchase For ArcelorMittal [Seeking Alpha]
Arcelor Mittal NY Registry Shares NEW (MT)
Last arcelor mittal ny registry shares new earnings: 2/6 01:00 am
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US:NYSE Investor Relations:
corporate.arcelormittal.com/investors
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Source: Seeking Alpha
The acquisition brings additional value to shareholders and increases ArcelorMittal's market share in the U.S. and Brazil. The purchase is financially beneficial, with ArcelorMittal paying a lower price compared to its own shares and having sufficient cash on hand. Looking for a helping hand in the market? Members of Crude Value Insights get exclusive ideas and guidance to navigate any climate. Learn More » March 12th ended up being a pretty positive day for shareholders of ArcelorMittal S.A. NYSE: MT ). Shares of the company popped up by 3.4%. And after the market closed on that day, news broke that the company agreed to acquire a sizable minority stake in a firm called Vallourec OTCPK:VLOUF OTCPK:VLOWY ) in exchange for €955 million, or about $1.04 billion. Management made clear that they do not intend to put in an offer to buy up the rest of the business for at least the next six months. But given how cheap the stock currently is, it might not be a bad idea for a management
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MT
News
- ArcelorMittal S.A.: ArcelorMittal announces the publication of its first quarter 2024 sell-side analyst consensus figuresGlobeNewswire
- ArcelorMittal S.A.: ArcelorMittal publishes its 2023 Integrated Annual ReviewGlobeNewswire
- U.S. Department of Energy announces financial support for ArcelorMittal's anticipated World-Class Electrical Steel facility in Alabama [Yahoo! Finance]Yahoo! Finance
- ArcelorMittal S.A. (NYSE: MT) had its "hold" rating re-affirmed by analysts at Deutsche Bank Aktiengesellschaft. They now have a $31.00 price target on the stock, down previously from $34.00.MarketBeat
- ArcelorMittal's Irina Gorbounova Joins CHAR Tech Board of Directors [Yahoo! Finance]Yahoo! Finance
MT
Earnings
- 2/8/24 - Beat
MT
Sec Filings
- 4/23/24 - Form 6-K
- 4/10/24 - Form 6-K
- 4/8/24 - Form F-3ASR
- MT's page on the SEC website