ArcelorMittal South Africa says talks with IDC, ArcelorMittal Group remain advanced
MT•ArcelorMittal South Africa said talks with ArcelorMittal Group and the Industrial Development Corp. on a potential transaction remain advanced. Definitive agreements are subject to pre-conditions and regulatory approvals.
1. Talks remain advanced
ArcelorMittal South Africa said it remains in advanced talks with ArcelorMittal Group and the Industrial Development Corp. on a potential transaction. Proceeding with definitive agreements remains subject to pre-conditions and regulatory approvals.
2. Cautionary statement
The company told shareholders to continue exercising caution when dealing in its securities until it releases a further update.
