PARIS, Dec 17 (Reuters) - The world's largest steelmaker, ArcelorMittal, said on Saturday it had raised its offer for Canadian miner Baffinland Iron Ore Mines to C$1.25 from a previous offer of C$1.10.
ArcelorMittal increased its offer after Nunavut Iron Ore Acquisition Inc said on Thursday it had purchased over 6 million shares in Baffinland in a rival takeover bid. Nunavut is offering C$1.35 a share.
(Reporting by Leigh Thomas; Editing by Kevin Liffey) Keywords: FRANCE ARCELOR (leigh.thomas@thomsonreuters.com; +33 1 4949 5143; Reuters Messaging: leigh.thomas.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
ArcelorMittal increased its offer after Nunavut Iron Ore Acquisition Inc said on Thursday it had purchased over 6 million shares in Baffinland in a rival takeover bid. Nunavut is offering C$1.35 a share.
(Reporting by Leigh Thomas; Editing by Kevin Liffey) Keywords: FRANCE ARCELOR (leigh.thomas@thomsonreuters.com; +33 1 4949 5143; Reuters Messaging: leigh.thomas.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.