Regulatory News:
ArcelorMittal and Nunavut Iron Ore Acquisition Inc. (“Nunavut
Iron” and, together with ArcelorMittal, the "Offerors")
announced that they have taken-up an additional 89,710,019 common
shares (the “Common Shares”) of Baffinland Iron Mines
Corporation (“Baffinland”) under their outstanding offer
(the “Offer”) of C$1.50 per Common Share and C$0.10 per
common share purchase warrants issued pursuant to a warrant
indenture dated 31 January 2007 (the "2007 Warrants") of
Baffinland.
The additional Common Shares taken-up, together with Common
Shares held by the Offerors, represent over 90% of the outstanding
Common Shares on a non-diluted basis (or approximately 89% of the
outstanding Common Shares on an in-the-money, fully diluted
basis).
The Offerors also announced that they have taken-up an
additional 1,862,806 2007 Warrants under the Offer. The additional
2007 Warrants taken-up, together with the 2007 Warrants held by the
Offerors represent approximately 76% of the outstanding 2007
Warrants.
To provide Baffinland securityholders who have not yet tendered
their securities a final opportunity to accept the Offer and ensure
receipt of prompt payment for their Common Shares and 2007
Warrants, the Offerors have announced that the time for acceptance
of the Offer has been extended to 11:59 p.m. on 17 February 2011
(the “Expiry Time”). Common Shares and 2007 Warrants
tendered to the Offer will be promptly taken-up prior to the Expiry
Time. Payment for such taken-up securities will be made within
three business days of the take-up. Securityholders are encouraged
to tender their remaining Common Shares and 2007 Warrants to the
Offer as soon as possible and in any event prior to the Expiry Time
to ensure they receive prompt payment for their Baffinland
securities.
Holders of Common Share purchase warrants issued pursuant to a
warrant indenture dated December 10, 2009 between Baffinland and
Computershare Investor Services Inc., as warrant agent (the “2009
Warrants”), are encouraged to promptly exercise their 2009 Warrants
in order to acquire Common Shares sufficiently in advance of the
Expiry Time to tender such Common Shares under the terms of the
Offer, as described in the take-over bid circular in respect of the
Offer, as amended and supplemented (the “Circular”).
Following the Expiry Time, the Offerors intend to effect one or
more Second Step Transactions, as described in the Circular, to
acquire any remaining Common Shares (on an in the money,
fully-diluted basis) and 2007 Warrants. The timing and details of
any such transaction(s) will necessarily depend on a variety of
factors, as described in the Circular, however under such
transaction(s) all such Common Shares and 2007 Warrants will be
mandatorily acquired at the same price of $1.50 per Common Share
and $0.10 per 2007 Warrant as under the Offer. Completion of such
transaction(s) could take up to 60 days from the expiry of the
Offer. As a result, Baffinland securityholders should be aware that
if they tender to the Offer they will receive payment promptly,
whereas if they do not tender and one or more Second Step
Transactions are completed, while Common Shares and 2007 Warrants
will be acquired at the same price as paid under the Offer, payment
will not be made until after completion of such transaction(s).
The notice of extension in respect of the extension of the Offer
will be mailed to Baffinland securityholders promptly and will be
available on SEDAR at www.sedar.com.
Georgeson Shareholder Communications Canada Inc. has been
retained 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.
This document contains forward-looking information and
statements about ArcelorMittal and its subsidiaries.
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.
About Nunavut Iron and Iron Ore Holdings, LP
Nunavut Iron was incorporated under the laws of Canada on August
27, 2010 and is wholly owned by Iron Ore Holdings, LP.
Iron Ore Holdings, LP is a limited partnership formed under the
laws of Delaware and is owned by Bruce Walter, the Chairman of
Nunavut Iron, Jowdat Waheed, the President and Chief Executive
Officer of Nunavut Iron, and funds managed by The Energy &
Minerals Group. The Energy & Minerals Group is a private
investment firm with a family of funds with over US$2 billion under
management that invest in the energy and minerals sectors.
Grafico Azioni Arcelor Mittal (NYSE:MT)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Arcelor Mittal (NYSE:MT)
Storico
Da Lug 2023 a Lug 2024