ArcelorMittal Announces Launch of Offer for ArcelorMittal Inox Brasil S.A. (previously named Acesita S.A.).Not for Distribution in Canada, Japan or Australia LUXEMBOURG -- Regulatory News: ArcelorMittal today launches the previously announced delisting tender offer for all of the outstanding shares in Arcelor Mittal Inox Brasil S.A. (previously named Acesita S.A.) (the "Company"), pursuant to the tender offer registration granted by the Comissao de Valores Mobiliarios (the "CVM"), the Brazilian securities regulator, on March 3, 2008, pursuant to article 157, paragraph 4 of Law n. 6,404/76, and to Rule n. 358/02 of the Brazilian Securities Commission ("CVM"). The Offer will remain open for 30 calendar days from this date and will be settled through an auction at the Sao Paulo Stock Exchange Sao Paulo Stock Exchange See: Bolsa de Valores de Sao Paulo ("Bovespa") on April 4, 2008. As previously announced, this transaction will result in ArcelorMittal acquiring the 43% outstanding shares in the Company it does not currently own. The price offered by ArcelorMittal is R$ 100.00 per common share and R$ 100.00 per preferred share of the Company. This price will be adjusted to subtract the dividends and interest on equity declared by the Company from December 4th, 2007 through to the business day prior to the auction date. As of the date hereof, this value corresponds to R$98.33 per common share and R$98.17 per preferred share, subject to adjustment by the Referential Rate - TR plus 6% per year, starting February 28th, 2008 through to the auction date. At today's exchange rate, this transaction represents a cash disbursement DISBURSEMENT. Literally, to take money out of a purse. Figuratively, to pay out money; to expend money; and sometimes it signifies to advance money. 2. of up to around USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.85bn. As of today, a group of shareholders led by Tarpon tarpon (tär`pŏn), common name for members of the family Elopidae, large herringlike game fish of the warm seas of the Western Hemisphere, ranging occasionally from Long Island to Brazil and to the west coast of Africa and entering freshwater Investments, which owns 157,300 common shares and 7,914,147 preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. , and BNDESPAR BNDESPAR Bndes Participações (Brazil) , which owns 12.707.827 preferred shares of the Company, have irrevocably committed to ArcelorMittal to sell their shares of ArcelorMittal Inox Brasil in the Offer. Further information regarding the Offer is included in the final tender offer notice and related documentation, available on the following websites: ArcelorMittal Inox Brasil S.A. (www.acesita.com.br) Banco Santander Banespa S.A. (www.santanderbanespa.com.br/prospectos) Comissao de Valores Mobiliarios (www.cvm.gov.br) Important Information This document does not constitute an offer to acquire Company securities in any jurisdiction. Any offer that may be made will be made to all holders of shares of the Company located in Brazil. In addition, holders of shares of the Company located outside of Brazil may participate in the offer on the condition that such holders are permitted to do so under the laws and regulations of the jurisdiction in which they are located. No copy of this document has been or should be distributed or sent to Canada, Japan or Australia. About ArcelorMittal ArcelorMittal is the world's largest and most global steel company, with 310,000 employees in more than 60 countries. The company brings together the world's number one and number two steel companies, Arcelor and Mittal Steel. ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 28 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets. ArcelorMittal key pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10 per cent of world steel output. ArcelorMittal is listed on the stock exchanges of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (MT), Amsterdam (MT), Paris (MTP (1) (Message Transfer Part) See SS7. (2) (Media Transfer Protocol) A Microsoft enhancement to the picture transfer protocol (PTP), starting with Windows Media Player 10 in Windows XP. ), Brussels (MTBL MTBL Mean Time Between Data Loss ), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS (1) See Microsoft Transaction Server. (2) (Modular TV System) The stereo channel added to the NTSC standard, which includes the SAP audio channel for special use. 1. MTS - Message Transport System. 2. ). |
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