ArcelorMittal to Acquire Nippon Steel's Interest in Calvert JV

ArcelorMittal S.A. (MT) recently announced that it has signed a definitive equity purchase agreement with Nippon Steel Corporation ("NSC") to acquire NSC's 50% equity stake in the AM/NS Calvert joint venture (JV). The transaction was entered into at NSC's request to address regulatory issues related to its agreed acquisition of US Steel. The deal is contingent on NSC completing its pending acquisition of U.S. Steel, which is subject to numerous regulatory requirements. Per the terms of the agreement, Arcelo ...