Czech News Daily

Mittal irritates small shareholders

Minority shareholders in the ArcelorMittal Ostrava steelworks are offered CZK 4,000 per share by the majority owner in the squeeze-out proceedings. The sum has been proposed by the parent ArcelorMittal Holdings AG, the owner of a 96.4-percent stake in the Ostrava based company. However, small shareholders disagree with the proposal and threaten with a lawsuit, demanding at least CZK 7,000 per share. The current price of the company’s share in the RM System exchange is just below CZK 4,000.  Source:  HN 17

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