ArcelorMittal Extends Offer for Baffinland Iron Mines Corporation to January 10, 2011
30 Dicembre 2010 - 5:15AM
Business Wire
Regulatory News:
ArcelorMittal today announced that it has extended the time for
acceptance of its offer (the "Offer") to purchase all of Baffinland
Iron Mines Corporation's ("Baffinland") outstanding common shares
("Common Shares") at a price of C$1.25 in cash per Common Share and
all outstanding common share purchase warrants issued pursuant to a
warrant indenture dated 31 January 2007 (the "2007 Warrants") at a
price of C$0.10 in cash per 2007 Warrant until 11:59 p.m. (Toronto
time) on January 10, 2011.
ArcelorMittal is considering Nunavut Iron Ore Acquisition Inc.’s
announcement earlier today that it has amended its partial offer
for Common Shares.
ArcelorMittal will promptly mail a notice of extension of the
Offer to Baffinland securityholders. Securityholders who have
validly deposited their Common Shares and 2007 Warrants need not
take any further action to accept the Offer. Shareholders who have
not yet tendered their Common Shares and 2007 Warrants now have an
extended period of time to do so in accordance with the terms of
the Offer. In addition, Baffinland has advised ArcelorMittal that,
as requested by ArcelorMittal, the Baffinland board of directors
has waived application of Baffinland's shareholder rights plan
effective as of 4:59 p.m. (Toronto time) on December 29, 2010.
ArcelorMittal has retained Georgeson Shareholder Communications
Canada Inc. as information agent in connection with the Offer.
Computershare Investor Services Inc. is the depositary for the
Offer. Any questions or requests for assistance or further
information on how to tender Common Shares or 2007 Warrants to the
Offer may be directed to, and copies of the above referenced
documents may be obtained by contacting, the information agent at
1-888-605-7641 or by email at askus@georgeson.com or by contacting
the depositary at 1-800-564-6253 (North America) or 1-514-982-7555
(overseas), or by email at corporateactions@computershare.com.
Securityholders whose Common Shares or 2007 Warrants are registered
in the name of a broker, investment dealer, bank, trust company or
other nominee should contact such nominee for assistance in
depositing their Common Shares and 2007 Warrants to the Offer.
Contact Information
Information Agent for the Offer Georgeson Toll Free (North
America): 1-888-605-7641 Collect (Overseas): 1-781-575-2168
E-Mail: askus@georgeson.com
This document contains forward-looking information and
statements about ArcelorMittal and its subsidiaries. These
statements include financial projections and estimates, including
non-cash impairment charges, net financial debt and net debt to
EBITDA leverage ratio, statements regarding plans, objectives and
expectations with respect to future operations and statements
regarding future performance generally. Forward-looking statements
may be identified by the words "will," "believe," "expect" or
similar expressions. Although ArcelorMittal's management believes
that the expectations reflected in such forward-looking statements
are reasonable, investors and holders of ArcelorMittal's securities
are cautioned that forward-looking information and statements are
subject to numerous risks and uncertainties, many of which are
difficult to predict and generally beyond the control of
ArcelorMittal, that could cause actual results and developments to
differ materially and adversely from those expressed in, or implied
or projected by, the forward-looking information and statements.
These risks and uncertainties include those discussed or identified
in the filings with the Luxembourg Stock Market Authority for the
Financial Markets (Commission de Surveillance du Secteur Financier)
and the United States Securities and Exchange Commission (the
"SEC") made or to be made by ArcelorMittal, including
ArcelorMittal's Annual Report on Form 20-F for the year ended 31
December, 2009 filed with the SEC. ArcelorMittal undertakes no
obligation to publicly update its forward-looking statements,
whether as a result of new information, future events or
otherwise.
About ArcelorMittal
ArcelorMittal is the world's leading steel company, with
operations in more than 60 countries.
ArcelorMittal is the leader in all major global steel markets,
including automotive, construction, household appliances and
packaging, with leading R&D and technology, as well as sizeable
captive supplies of raw materials and outstanding distribution
networks. With an industrial presence in over 20 countries spanning
four continents, the Company covers all of the key steel markets,
from emerging to mature.
Through its core values of sustainability, quality and
leadership, ArcelorMittal commits to operating in a responsible way
with respect to the health, safety and wellbeing of its employees,
contractors and the communities in which it operates. It is also
committed to the sustainable management of the environment and of
finite resources. ArcelorMittal recognises that it has a
significant responsibility to tackle the global climate change
challenge; it takes a leading role in the industry's efforts to
develop breakthrough steelmaking technologies and is actively
researching and developing steel-based technologies and solutions
that contribute to combat climate change.
In 2009, ArcelorMittal had revenues of $65.1 billion and crude
steel production of 73.2 million tonnes, representing approximately
8 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT),
Amsterdam (MT), Paris (MT), Brussels (MT), Luxembourg (MT) and on
the Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS).
For more information about ArcelorMittal visit:
www.arcelormittal.com
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