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MT - ArcelorMittal launches this year's fifth stock buyback
Arcelor Mittal NY Registry Shares NEW
ArcelorMittal (NYSE:MT) says it completed its fourth stock buyback program of the year and will start a new $1B buyback program, to be completed by February 2022. ArcelorMittal says it had repurchased more than 67M shares by Tuesday's market close for a total value of ~€1.88B ($2.2B) at an average price of €27.91/share. The company says the move brings the total advance as part of its prospective 2022 capital return to shareholders to $2B. ArcelorMittal recently reported Q3 EBITDA surged 6x from the year-ago quarter to $6B.