Key Developments: ArcelorMittal SA (MT)

MT on New York Consolidated

16.28USD
17 Apr 2014
Price Change (% chg)

$0.07 (+0.43%)
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$16.21
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Latest Key Developments (Source: Significant Developments)

ArcelorMittal France prices 750 mln euros 2019 bond-Reuters
Monday, 17 Mar 2014 08:00pm EDT 

ArcelorMittal SA:Subsidiary ArcelorMittal France issues 750 million euros bond - Reuters.Maturity date March 25, 2019.Coupon 3 pct.Barclays, BNP Paribas, Commerz Bank and Societe Generale acted as Lead Managers.Bond launched under company's EMTN programme.  Full Article

ArcelorMittal Industeel to supply Tectubi Raccodi and EEW with clad plate-Les Echos
Tuesday, 11 Mar 2014 08:00pm EDT 

ArcelorMittal SA:Subsidiary Industeel based in Creusot (Saone-et-Loire, Bourgogne) to produce 5,400 tonnes of clad plate for Italian tube manufacturer Tectubi Raccodi and its German associate EEW - Les Echos.Ordered made to supply Petrofac, responsible for part of extension works at Zakum oil complex in United Arab Emirates.Contract value exceeds 15 million euros.  Full Article

ArcelorMittal SA completes acquisition ThyssenKrupp Steel USA
Tuesday, 25 Feb 2014 07:00pm EST 

ArcelorMittal SA:Says together with Nippon Steel & Sumitomo Metal Corporation ("NSSMC"), it has completed the acquisition of ThyssenKrupp Steel USA ("TK Steel USA"), a steel processing plant in Calvert, Alabama, having received all necessary regulatory approvals.Says the transaction, a 50/50 joint venture with NSSMC, was completed for an agreed price of USD 1,550 million plus working capital and net debt adjustment.  Full Article

ArcelorMittal SA to further reduce staff numbers at Florange-DJ
Thursday, 13 Feb 2014 12:49pm EST 

ArcelorMittal SA:Plans to further reduce its staff at its Florange plant in the next two years-DJ.  Full Article

ArcelorMittal considers buying part or all of Italy's Ilva steelmaker-Il Sole 24 Ore
Saturday, 8 Feb 2014 07:00pm EST 

ArcelorMittal SA:ArcelorMittal SA is interested in buying part or all of Italian steelmaker Ilva from its holding family - Il Sole 24 Ore.Ilva, put under special administration by the Italian government in 2013, runs a steel plant in the southern Italy city of Taranto and makes flat steel products used by carmakers, electrical appliance manufacturers and shipbuilders.ArcelorMittal would prefer to buy a part or all of Ilva directly from the Riva family but can as well participate in a potential capital increase.  Full Article

ArcelorMittal SA gives FY 2014 outlook in line with analysts' estimates
Friday, 7 Feb 2014 01:00am EST 

ArcelorMittal SA:Anticipates fiscal year 2014 EBITDA of about $8 billion.FY 2014 EBITDA $8,192 million - Thomson Reuters I/B/E/S Estimates.  Full Article

ArcelorMittal SA announces FY 2013 dividend
Thursday, 6 Feb 2014 07:00pm EST 

ArcelorMittal SA:Sets gross dividend per share of $0.20 for FY 2013, subject to shareholder approval at Annual General Meeting on May 8.Payment date July 15.Ex-dividend date May 12.Record date May 14.Dividend is paid in euros for shares listed on European stock exchanges (Netherlands, France, Spain, Luxembourg) converted based on European Central Bank exchange rate on May 9.  Full Article

ArcelorMittal SA announces receipt of US antitrust clearance for ThyssenKrupp Steel USA acquisition
Thursday, 30 Jan 2014 04:00am EST 

ArcelorMittal SA:Says that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR) terminated on Jan. 29 with respect to its acquisition, through a 50/50 joint venture with Nippon Steel & Sumitomo Metal Corporation, of ThyssenKrupp Steel USA.Says the termination of the HSR waiting period satisfies one of the conditions to the closing of the acquisition.Says subject to the satisfaction of other customary conditions (including the receipt of additional regulatory approvals), the acquisition is expected to close later in the first quarter of 2014 or in the second quarter of 2014.  Full Article

ArcelorMittal SA announces amendments to its credit facilities
Tuesday, 21 Jan 2014 05:29am EST 

ArcelorMittal SA:Announces the completion of amendments to two credit facilities on Nov. 26, 2013.Says it reduced its syndicated revolving credit facility originally entered into in Mar. 2011, which may be utilized for general corporate purposes and which matures in 2016, from $6 billion to $3.6 billion.Says it also reduced its syndicated revolving credit facility originally entered into in May 2010, which may be utilized for general corporate purposes, from $4 billion to $2.4 billion, and it extended the maturity date of that facility to Nov. 6, 2018.  Full Article

Fitch confirms ArcelorMittal SA's 'BB+' rating with a stable outlook-L'Agefi Quotidien
Thursday, 12 Dec 2013 07:00pm EST 

ArcelorMittal SA:Fitch confirms ArcelorMittal SA's 'BB+' rating with a stable outlook-L'Agefi Quotidien.Fitch says it believes the steel industry reached its low point in 2013 and should see modest improvement from 2014 onwards.  Full Article

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