ArcelorMittal seeks to buy rest of Brazilian unit
Global steel giant Arcelor Mittal announced its intention to buy the remaining 43% stake of Brazil's ArcelorMittal Inox Brasil S.A. that the firm does not own already. Arcelor Mittal is willing to spend as much as $1.8 bil for the minority-investor buyout, offering $55.68 per preferred or common share, representing a 22% premium. Arcelor Mittal then plans to delist the company.
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