ArcelorMittal Buyback
OLI recorded this information on 2/11/2022
Company:
ArcelorMittal
Buyback:
MT buyback
$Amount Authorized:
$1,000,000,000
Buyback Details:
Following publication of its fourth quarter and full year 2021 results via its press release dated 10 February 2022 (the `ER Press Release'), ArcelorMittal announces a new share buyback program in the amount of US$1 billion (the `Program') under the authorisation given by the annual general meeting of shareholders of 8 June 20212. For the background to this Program, reference is made to the ER Press Release. The Program is expected to be completed during the first half of 2022, subject to market conditions.
ArcelorMittal is a holding company. Through its subsidiaries, Co. is a steel and mining company. Co. is also a steel producer in Europe, Americas, Africa, and Commonwealth of Independent States. Co. produces flat products, including sheet and plate, and long products, including bars, rods and structural shapes. It also produces pipes and tubes for various applications. Co. sells its products in local markets and to a range of customers in various countries, including the automotive, appliance, engineering, construction and machinery industries. Co.'s mining operations produce various types of mining products including iron ore lump, fines, concentrate, pellets, sinter feed and coking coal.
Preferred: MTCN
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Buy (3.14 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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