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How Will ArcelorMittal (MT) Stock Be Affected Today by the Sale of Gallatin Steel?

2014-10-09 01:35:19| Steel - Topix.net

The sale was completed for a total cash consideration of $770 million. The deal is part of ArcelorMittal's plan to divest its non-core assets as the world's largest steel producer faces a slowdown in Europe which accounts for nearly half of its revenues.

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Nucor acquisition of Gallatin receives regulatory approval

2014-10-07 02:35:44| Steel - Topix.net

The Federal Trade Commission has approved Nucor Corp.'s $770 million acquisition of Gallatin Steel Co., Ghent, Kentucky. The steel minimill manufactures flat-rolled products and has an annual capacity of 1.8 million tons.

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FTC approves Nucor's $770M deal for Gallatin Steel

2014-10-02 20:07:33| Steel - Topix.net

Nucor Corp. has been given the green light from the Federal Trade Commission to buy Gallatin Steel Co. for $770 million in cash.

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Why Is ArcelorMittal Selling Off Its Stake In Gallatin Steel Company?

2014-09-29 15:59:47| Steel - Topix.net

ArcelorMittal has announced its decision to sell its 50% interest in the Gallatin Steel Company, worth $770 million, to Nucor Corporation. ArcelorMittal , which owns a 50% interest in the Gallatin Steel Company, has decided to sell its share to Nucor Corporation for a value of $770 million .

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Gallatin Steel sold for $770 million

2014-09-26 06:37:55| Steel - Topix.net

Courier Staff Report ArcelorMittal and Gerdau Ameristeel have announced the sale of Gallatin Steel to Nucor Corporation for $770 million. The transaction is expected to close by the end of 2014.

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