ArcelorMittal South Africa Weighs Rights Issue, Shares Plunge
ArcelorMittal SA 's South African unit said it is considering a rights issue to recapitalize the cash-strapped business, triggering a plunge in its stock.
ArcelorMittal South Africa Ltd. 's shares fell as much as 15% and were 13% lower at 97 cents by noon in Johannesburg on Thursday.
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