|
- ArcelorMittal’s cash offer of C$1.25 per common share for 100% of Baffinland’s common shares is financially superior to nunavut’s coercive partial bid
- The value of the partial offer by Nunavut is highly uncertain
- Baffinland’s new shareholder rights plan protects shareholders from Nunavut’s financially inferior, coercive bid
ArcelorMittal today responded to Nunavut Iron Ore Acquisition Inc.’s (“Nunavut”) recent allegations regarding ArcelorMittal’s improved, financially superior offer for Baffinland Iron Mines Corporation (“Baffinland”). ArcelorMittal’s improved offer of C$1.25 in cash per common share (the “ArcelorMittal Offer”) provides superior value and certainty for the shareholders of Baffinland. The ArcelorMittal Offer is made for 100% of...
|