RPT-Arcelor says it raises Baffinland bid to C$1.25

PARIS, Dec 17 (BestGrowthStock) – The world’s largest steelmaker,
ArcelorMittal (ISPA.AS: ), said on Saturday it had raised its
offer for Canadian miner Baffinland Iron Ore Mines (BIM.TO: ) to
C$1.25 from a previous offer of C$1.10.

ArcelorMittal increased its offer after Nunavut Iron Ore
Acquisition Inc said on Thursday it had purchased over 6 million
shares in Baffinland in a rival takeover bid. Nunavut is
offering C$1.35 a share.
(Reporting by Leigh Thomas; Editing by Kevin Liffey)

RPT-Arcelor says it raises Baffinland bid to C$1.25