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ArcelorMittal to sell up to $4 bln shares, notes
By Wallace Witkowski
Last update: 4:46 p.m. EDT April 29, 2009
SAN FRANCISCO (MarketWatch) -- ArcelorMittal (MT:ArcelorMittal
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Last: 22.94-1.12-4.66%
3:34pm 04/29/2009
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MT 22.94, -1.12, -4.7%) said late Wednesday it seeks to raise up to $4 billion from a secondary offering of common shares and the sale of notes. The steel maker said it intends to sell 125.1 million shares at 17.10 euros, or $22.77, a share. Underwriters have an option for another 15.7 million shares to cover overallotments. The company also priced $700 million in 5% senior notes due May 15, 2014, with the option of another $100 million in notes to cover