ArcelorMittal Provides Noble International a 50m$ Convertible Loan and Agrees to Acquire an Additional 10.31% of Shares of Noble.LUXEMBOURG -- Regulatory News: ArcelorMittal today announces that it has provided Noble International, Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NOBL NOBL New Outer Blanket Layer ) ("Noble") with a $50 million convertible subordinated loan. The proceeds of this financing will be used by Noble to reduce Noble's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. senior debt and to support its operations. ArcelorMittal also announces that it has agreed to acquire an additional 10.31% of shares of Noble from Robert J. Skandalaris, Noble's chairman and founder. This will increase ArcelorMittal's shareholding in Noble to approximately 49.95%. The agreement is subject to satisfaction of certain conditions. ArcelorMittal looks forward to working closely with Noble in order to build on Noble's success. Noble is the world's largest producer of laser-welded steel products. 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 unaudited financials for 2007 show revenues of 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. 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 (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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