UPDATE 2-ArcelorMittal-Votorantim tie-up will need more asset sales -report [Reuters]
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Source: Reuters
UPDATE 2-ArcelorMittal-Votorantim tie-up will need more asset sales -report | Reuters Reuters Staff 1 Min Read (Adds Votorantim comment) SAO PAULO, Jan 17 (Reuters) - Brazil’s antitrust watchdog Cade will press steelmakers ArcelorMittal SA and Votorantim Siderurgia SA for more asset sales before approving their merger, newspaper Valor Economico reported on Wednesday, citing unidentified sources. The paper did not specify which assets Cade was targeting, or which ones the companies have proposed to sell. Cade and Votorantim did not immediately comment. Arcelor, in a statement, said it was “confident that the deal would be approved by the antitrust authorities.” Votorantim said it was confident about the transaction’s merits. Both companies added they were supplying the information requested by Cade. In September, a body of Cade recommended rejecting ArcelorMittal’s proposed acquisition of Votorantim Siderurgia, saying a tie-up between two of Brazil’s top-three long steelmakers would hu
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News
- 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
- 20 Countries with the Largest Slum Population in the World [Yahoo! Finance]Yahoo! Finance
- ArcelorMittal S.A.: ArcelorMittal publishes interim update on its company-wide safety auditGlobeNewswire
MT
Earnings
- 2/8/24 - Beat
MT
Sec Filings
- 4/10/24 - Form 6-K
- 4/8/24 - Form F-3ASR
- 4/8/24 - Form 6-K
- MT's page on the SEC website