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home / news releases / AMSYF - A Great Purchase For ArcelorMittal

AMSYF - A Great Purchase For ArcelorMittal

ArcelorMittal SA

2024-03-13 16:38:07 ET

Summary

  • ArcelorMittal S.A. acquires a 28.4% stake in Vallourec for €955 million ($1.04 billion).
  • The acquisition brings additional value to shareholders and increases ArcelorMittal's market share in the U.S. and Brazil.
  • The purchase is financially beneficial, with ArcelorMittal paying a lower price compared to its own shares and having sufficient cash on hand.

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For further details see:

A Great Purchase For ArcelorMittal
Stock Information
Company Name: ArcelorMittal SA
Stock Symbol: AMSYF
Market: OTC
Website: arcelormittal.com
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