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ArcelorMittal Extends Offer for Baffinland Shares to January 21
01/11/2011 - ArcelorMittal has extended the time for acceptance of its offer to purchase Baffinland Iron Mines Corp.'s outstanding common shares and outstanding common share purchase warrants until midnight on 21 January 2011.
ArcelorMittal has extended the time for acceptance of its offer to purchase Baffinland Iron Mines Corp.'s outstanding common shares at a price of C$1.40 in cash per Common Share and outstanding common share purchase warrants at a price of C$0.10 in cash per 2007 Warrant until 11:59 p.m. (Toronto time) on 21 January 2011.
Securityholders who have not yet tendered their Common Shares and 2007 Warrants now have an extended period of time to do so in accordance with the terms of the Offer.
ArcelorMittal has retained Georgeson Shareholder Communications Canada Inc. as information agent in connection with the Offer, and Computershare Investor Services Inc. is the depositary for the Offer.
ArcelorMittal is the world's largest steel company, with operations in more than 60 countries, with leadership in major global steel markets, leading R&D and technology, sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel markets, from emerging to mature.
In 2009, ArcelorMittal had revenues of $65.1 billion and crude steel production of 73.2 million tonnes, representing approximately 8 per cent of world steel output.
