|Bid||25.52 x 19300|
|Ask||18.96 x 41200|
|Day's Range||20.90 - 21.98|
|52 Week Range||19.57 - 40.38|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||2.87|
|Earnings Date||Aug 04, 2022|
|Forward Dividend & Yield||1.20 (4.91%)|
|Ex-Dividend Date||Jul 15, 2021|
|1y Target Est||35.02|
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ArcelorMittal (MT) acquires an 80% shareholding in Voestalpine's Hot Briquetted Iron plant valued at $1 billion.
ArcelorMittal said Thursday that it has agreed to buy a majority stake in peer Voestalpine AG's hot briquetted iron plant in Texas in the U.S., in a deal that values the operations at $1 billion.
Austrian specialty steelmaker Voestalpine is in advanced talks to sell a majority stake in its Texas plant, it said on Sunday. "In recent months, voestalpine has been conducting an open-ended market sounding to stabilize the business model of its direct reduction plant in Corpus Christi, Texas," the Austrian firm said in a statement. "As a result of this examination, voestalpine is currently in negotiations to sell 80% of its shares in voestalpine Texas."