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ArcelorMittal closes share buyback early at US$226M

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ArcelorMittal closes share buyback early at US$226M

ArcelorMittal said March 28 that it concluded its share buyback program, repurchasing 7 million shares for about €184.3 million, equivalent to about US$226.5 million, with per-share prices averaging at €26.34.

The steel giant had planned to buy up to US$280 million of shares when the program was announced earlier in March.

The share buyback program was set to close May 5, 2020.