Arcelor, Nunavut Closer to Control of Baffinland

Reuters.com reports that ArcelorMittal (NYSE:MT) and Nunavut Iron Mines are much closer to controlling Baffinland Iron Mines (TSX:BIM).

The story is quoted as saying:

 Between them, ArcelorMittal and Nunavut now hold 67 percent of all outstanding shares and 45 percent of outstanding 2007 warrants, representing 64 percent of fully diluted shares

To access the full story, click here.

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