India's bankruptcy court OKs ArcelorMittal's Essar Steel takeover [Seeking Alpha]
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India's bankruptcy court OKs ArcelorMittal's Essar Steel takeover - ArcelorMittal (NYSE:MT) | Seeking Alpha Commodities | On the Move India's bankruptcy court OKs ArcelorMittal's Essar Steel takeover Mar. 8, 2019 11:44 AM ET ArcelorMittal (MT) Carl Surran -2.8% approved The steelmaker confirms the National Company Law Tribunal approved the takeover of the Essar steel plant by itself and Japan’s Nippon Steel & Sumitomo Metal, paving the way for the first major foreign participation in India’s steel sector. MT has said it would pay a total of 420B rupees ($5.73B) toward Essar Steel’s debt and put another 80B rupees into operations and profitability. See all stocks on the move » Now read: ArcelorMittal: 2018 Was Good, 2019 Remains Uncertain » Subscribe
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News
- 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
- ArcelorMittal's Irina Gorbounova Joins CHAR Tech Board of Directors [Financial Post (Toronto, Ontario, Canada)]Financial Post
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- MT's page on the SEC website