India's JSW Steel, Tata Steel among suitors for Bhushan Steel - sources [Reuters]
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Source: Reuters
India's JSW Steel, Tata Steel among suitors for Bhushan Steel - sources | Reuters Reuters Staff 3 Min Read * JSW Steel bids jointly with India Resurgence Fund - sources * Group comprising some Bhushan Steel employees also bids * Bhushan Steel faces highest claims among 12 big bankruptcy cases By Devidutta Tripathy and Promit Mukherjee MUMBAI, Feb 5 (Reuters) - Indian steelmakers JSW Steel and Tata Steel have bid for Bhushan Steel & Power which is being pursued by creditors in bankruptcy court, three people familiar with the bidding process said on Monday. At 559.89 billion rupees ($8.75 billion), Bhushan Steel faces the highest claims among a dozen companies pushed to bankruptcy court last year amid a government drive to clear a mountain of bad loans choking credit at Indian banks. India’s largest steelmaker JSW Steel has jointly bid with India Resurgence Fund, a partnership between Piramal Enterprises and Bain Capital, the sources said. In addition to this joint bid and Tata Steel’s
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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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Earnings
- 2/8/24 - Beat
MT
Sec Filings
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- 4/10/24 - Form 6-K
- 4/8/24 - Form F-3ASR
- MT's page on the SEC website