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ArcelorMittal
Ticker Symbol: MT CUSIP: 03938L104 Exchange: NYSE
September 28, 2020 -- Cleveland-Cliffs Inc. (NYSE: CLF) announced that it has entered into a definitive agreement with ArcelorMittal S.A. (NYSE: MT), pursuant to which Cleveland-Cliffs will acquire substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries (“ArcelorMittal USA”) for approximately $1.4 billion. Upon closure of the transaction, Cleveland-Cliffs will be the largest flat-rolled steel producer in North America, with combined shipments of approximately 17 million net tons in 2019. The company will also be the largest iron ore pellet producer in North America, with 28 million long tons of annual capacity.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: ArcelorMittal is a leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading research and development and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in more than 22 countries spanning four continents, the company covers all of the key steel markets, from emerging to mature.
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Previous Name: Mittal Steel Co. N.V. Changed: 1/31/2007
Large Cap Stock -
Market Value $21.9 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: 24-26, Boulevard d’Avranches, L-1160 Luxembourg |
| Main Phone Number |
+352 4792-2484 |
| Fax Number |
+352 4792 2235 |
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Inv Rel Phone Number
Daniel Fairclough, VP
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+352 4792 2484 |
| Address and Phone Numbers |
| U.S. Representative |
Intl Steel Group |
| Address: 1 South Dearborn, Chicago, IL 60603 |
| Main Phone Number |
312-899-3985 |
| Fax Number |
312-899-3678 |
Toll Free Phone Number |
Unknown |
| CEO - Lakshmi Narayan Mittal |
CFO - Aditya Mittal |
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