ArcelorMittal in Discussions to Buy BHP Billiton Iron-ore Stake and General Motors is Now Worst Big Automaker to Deal With
ArcelorMittal (NYSE: MT) is in "deep, deep discussions" with BHP Billiton Ltd. to acquire the Australian mining company's stake in a major Guinean iron-ore deposit according to sources. The Wall Street Journal reported that the potential deal could be worth as much as $500 million, and would bring an end to BHP's months long attempt to find a buyer for its 41.3% stake in Mount Nimba, a rich deposit located close the Liberian border.
ArcelorMittal, Société Anonyme, together with its subsidiaries, operates as an integrated steel and mining company worldwide. The company operates in six segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; AACIS; Distribution Solutions; and Mining. It produces a range of finished and semi-finished steel products. The company offers flat products, including sheet and plate products; and long products, such as bars, rods, and structural shapes, as well as produces pipes and tubes for various applications. ArcelorMittal, Société Anonyme sells its steel products primarily in local markets and through its centralized marketing organization in approximately 170 countries.
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General Motors Company (NYSE: GM) is now considered the worst big automaker to deal with, according to a new survey of top suppliers to the car industry in the United States. The blow comes after the company has already dealt with plenty of scrutiny after a deadly ignition defect triggered the recall of 2.6 million of the company's vehicles. The annual survey, which is conducted by the automotive consultant group Planning Perspectives Inc, asks the industry's biggest suppliers to rate their relationships with the six automakers that account for more than 85 percent of all light vehicle sales in the United States.
General Motors Company (GM) designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. The company markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Opel, Holden, and Vauxhall brand names, as well as under the Alpheon, Jiefang, Baojun, and Wuling brand names. It also sells cars and trucks to dealers for consumer retail sales, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments.
Get more information on General Motors Company and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/GM
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