ArcelorMittal (MT) announced that 77,809,772 treasury shares have been cancelled yesterday. Post cancellation, the Company still holds approximately 14.4 million treasury shares which will be used to service its commitments relating to its Long-Term Incentive Plan. As a result of this cancellation, ArcelorMittal will have 775,000,000 shares in issue.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MT:
- EU to warn against U.S. expanding scope of steel tariffs, Bloomberg reports
- ArcelorMittal downgraded to Neutral from Buy at UBS
- ArcelorMittal’s Earnings Call: Balanced Outlook with Challenges
- ArcelorMittal’s Promising Outlook: Buy Rating Backed by Strong Financial Performance and EU Policy Developments
- ArcelorMittal price target raised to $44 from $36 at Deutsche Bank