Mergers and Acquisitions Review: ArcelorMittal DIVESTS Stake, London Metal Exchange Deal FINALIZED

Here are Wednesday’s top stories:

ArcelorMittal (NYSE:MT) will divest its 48.1 percent investment in Paul Wurth Group to SMS GmbH, a move which represents the firm’s strategy to sell off its non-core assets. Financials of the transaction were not divulged.

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London Metal Exchange (LME) shareholders approve Hong Kong Exchanges $2.2 billion acquisition bid, which effectively ends a struggle for the former that lasted almost a year. Shares in Hong Kong Exchanges didn’t really change on the news, but have fallen some 30 percent since the February offer was reported.

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