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MT Arcelor Mittal New

26.02
-0.05 (-0.19%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Arcelor Mittal New NYSE:MT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05 -0.19% 26.02 26.37 26.13 26.32 1,449,631 01:00:00

Mutares Makes Offer for ArcelorMittal Wire and Rope Subsidiary

23/04/2019 8:53am

Dow Jones News


Arcelor Mittal (NYSE:MT)
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From May 2019 to May 2024

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   By Nathan Allen 
 

Mutares AG (MUX.XE) said Tuesday that it has made a binding offer for ArcelorMittal's (MT.AE) France-based subsidiary ArcelorMittal TrefilUnion SAS, which manufactures steel wires and ropes.

The German buyout group said its proposal will be presented to TrefilUnion workers' representatives on Wednesday.

Neither company disclosed the value of the offer.

Mutares invests in unprofitable small to mid-sized companies and seeks to turn them around by optimizing operations.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

April 23, 2019 03:38 ET (07:38 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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