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ArcelorMittal Announces the Results of the Delisting Tender Offer for ArcelorMittal Inox Brasil S.A. (previously named Acesita S.A.).

Publication: Business Wire
Publication Date: 07-APR-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
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* ArcelorMittal acquires 30.0 million shares of ArcelorMittal Inox Brasil S.A. in the tender offer concluded on April 4, 2008. This represents 40.33% of the total share capital of ArcelorMittal Inox Brasil S.A. and 94.81% of its free float, and increases ArcelorMittal's stake in ArcelorMittal Inox Brasil S.A. from 57.34% to 97.67%. ArcelorMittal will pay R$2.84 billion for the tendered shares , representing, at the current exchange rate, a total consideration of US$1.66 billion.

SAO PAULO, Brazil & LUXEMBOURG -- Regulatory News:

ArcelorMittal is pleased to announce the results of the auction held Friday, April 4, 2008, on the Sao Paulo Stock Exchange ("BOVESPA") in connection with the delisting offer ("Offer") to acquire all of the remaining outstanding shares of ArcelorMittal Inox Brasil S.A. ("ArcelorMittal Inox Brasil") that are not yet owned by ArcelorMittal or any of its affiliates, as described in the Notice of Public...



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