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MT - ArcelorMittal launches $1B in share buyback program
Arcelor Mittal NY Registry Shares NEW
ArcelorMittal (NYSE:MT) announced a new share buyback program of $1B wherein shareholders authorization was granted in June 2021. The program is expected to be completed during 1H22. The shares acquired will enable the company to meet its obligations under debt obligations exchangeable into equity securities, reduce share capital and meet obligations arising from employee share programs. During Q4, the company repurchased 59.2M shares for $1.8B. Shares trading 2.4% down premarket.