(Reuters) - The offer price is based on the New York Stock Exchange
closing price of $63.37 per Mittal Steel shares as of June 1,
converted to Brazilian reais at the average exchange rate of
1.9052 to the dollar on that day.
The results of the offer will be announced after the market
closes in Brazil on Monday. Arcelor Mittal said it would delist
Arcelor Brasil if it acquired two thirds or more of the unit's
free float.
Read more at Reuters.com Mergers News
closing price of $63.37 per Mittal Steel shares as of June 1,
converted to Brazilian reais at the average exchange rate of
1.9052 to the dollar on that day.
The results of the offer will be announced after the market
closes in Brazil on Monday. Arcelor Mittal said it would delist
Arcelor Brasil if it acquired two thirds or more of the unit's
free float.
Read more at Reuters.com Mergers News
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