ArcelorMittal ADR MT

Alternate Symbol(s): AMSYF

Steel Steel

ArcelorMittal SA is a Luxembourg-based holding company. The Company, via its subsidiaries, owns and operates steel, iron ore manufacturing and coal mining facilities in Europe, North and South America, Asia, and Africa. The Company is organized in five operating segments: NAFTA; Brazil; Europe; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA, Brazil, Europe, and ACIS segments produce flat, long, and tubular products including slabs, hot-rolled coil, cold-rolled coil, coated steel products, among others. The Mining segment provides steel operations and comprises all mines owned by the Company in the Americas, Europe, Africa, and countries of the Commonwealth of Independent States (CIS).

NYSE:MT - Post by User

ArcelorMittal ADR > What's the idea behind the reverse split???

<< Previous

Bullboard Posts

Next >>

Comment by marpincanon May 22, 2017 4:33pm

377 Views

Post# 26270916

RE:What's the idea behind the reverse split???

IMO = The reverse spilt puts them at a better trading price. They also had over 2 billion shares outstanding which is high andf this brings that down. Now is also a good time to do it as the steel market is in reasonable shape and the split will not be viewed as a negative.

<< Previous

Bullboard Posts

Next >>

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle