Arcelor extends Baffinland deadline but doesn't raise offer
Dec 30, 2010 | 07:37 AM
Steelmaker ArcelorMittal SA has extended the deadline on its bid for iron ore miner Baffinland Iron Mines Corp. to Jan. 10, but has not raised its offering price.
The announcement late Wednesday came just hours after Nunavut Iron Ore Inc., which already owns 10 percent of Toronto-based Baffinland, offered Canadian $1.40 ($1.40) a share for 50 percent of Baffinland's shares, 15 cents higher than ArcelorMittal's offer of C$1.25 a share. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.