ArcelorMittal-Nunavut Join Forces
Posted on January 17, 2011 at 16:05 PM EST
Finally, the Baffinland battle comes to an end with rivals ArcelorMittal (NYSE:MT) and Nunavut Iron Ore Acquisition Inc. agreeing to team up under the ArcelorMittal offer. As per the agreement, ArcelorMittal and Nunavut Iron will own 70% and 30% of Baffinland, respectively, upon successful completion of the ArcelorMittal offer and provided the second step acquisition [...]