Seeking Alpha

Posco (PKX) says it has agreed to acquire a stake in ArcelorMittal Mines Canada, although the...

Posco (PKX) says it has agreed to acquire a stake in ArcelorMittal Mines Canada, although the South Korean company hasn't decided how big a holding it will buy or how much it will spend. Different reports said that Posco will purchase 15% for $1.1B, or that the firm will acquire the holding as part of a group that includes China Steel. In October, ArcelorMittal (MT) was reported to be considering selling 30% of the Canadian iron ore unit. (Previously)
Comments (3)
  • James Duade
    , contributor
    Comments (302) | Send Message
     
    Looks like the Labrador Trough will have an exciting 2013. I'm sure ther will be more m&a news to come.
    1 Jan 2013, 06:29 AM Reply Like
  • Rogersri
    , contributor
    Comments (2) | Send Message
     
    Has anybody calculated the imputed valuation of MT in this transaction?
    1 Jan 2013, 03:04 PM Reply Like
  • Markidesad
    , contributor
    Comments (84) | Send Message
     
    Here in Belgium, it is said that the 15 % deal is already confirmed and completed for 1.1 B $. It says : Arcelor sells to Posco AND China Steel ??????
    http://bit.ly/W0JdqL
    2 Jan 2013, 06:12 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|