Steel giant ArcelorMittal S.A. (MT) Monday said it has received regulatory approvals for the acquisition of Canada's Baffinland Iron Mines Corp. (BIM.T).

MAIN FACTS:

- There are no further conditions of the offer with respect to regulatory approvals outstanding, the company said in a statement.

- Holders of common shares will receive C$1.10 in cash for each common

share and holders of 2007 warrants will receive C$0.10 in cash per 2007 warrant, the company said.

- The offer remains open for acceptance until December 20.

- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; angeline.benoit@dowjones.com
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