ArcelorMittal Announces Antitrust Clearance for ThyssenKrupp Steel USA Acquisition
01/30/2014 - ArcelorMittal and Nippon Steel & Sumitomo Metal Corp. are one step closer to acquiring ThyssenKrupp Steel USA.
ArcelorMittal announced that the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act (HSR) terminated on 29 January 2014 with respect to its acquisition, through a 50/50 joint venture with Nippon Steel & Sumitomo Metal Corp., of ThyssenKrupp Steel USA.
The termination of the HSR waiting period satisfies one of the conditions to the closing of the acquisition. Subject to the satisfaction of other customary conditions (including the receipt of additional regulatory approvals), the acquisition is expected to close later in the first quarter of 2014 or in the second quarter of 2014.
The termination of the HSR waiting period satisfies one of the conditions to the closing of the acquisition. Subject to the satisfaction of other customary conditions (including the receipt of additional regulatory approvals), the acquisition is expected to close later in the first quarter of 2014 or in the second quarter of 2014.
