ArcelorMittal,the worlds largest steel producer,said today it had increased by 27 per cent its offer to buy Canadian mining company Baffinland to match a rival bid by Nunavut Iron Ore.
The increased all cash offer (of 1.40 Canadian dollars per share) represents a premium of approximately 27 per cent to ArcelorMittals original offer price of 1.10 Canadian dollars per common share, the Luxembourg-based company said in a statement.
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