Arcelor Mittal (NYSE:MT)
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1 Month : From Nov 2019 to Dec 2019
--ArcelorMittal (MT) has won approval from India's top court to complete its $5.8 billion purchase of Essar Steel India Ltd., putting tycoon Lakshmi Mittal one step closer to entering the world's second-biggest market, Bloomberg reports.
--The ruling, which sets a precedent for other insolvencies, grants a panel of the bankrupt company's lenders the discretion in the distribution of funds, according to the report.
Full story: https://bloom.bg/34VYJjs
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(END) Dow Jones Newswires
November 15, 2019 02:30 ET (07:30 GMT)
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