ArcelorMittal offers $433M for Baffinland

VANCOUVER -- ArcelorMittal (MT-N) has bested an unsolicited private equity bid for Baffinland Iron Mines (BIM-T) by 38% and has secured the support of Baffinland's board of directors.The steel giant has offered $1.10 per share plus 10¢ for outstanding 2007...

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