MT - Reason for Halted Trading

Arcelor Mittal prices common offering at $22.77/share (MT) 22.94 -1.12 : The co announces the pricing of its offerings of common shares and convertible senior notes. Total aggregate proceeds from the offerings are approximately $3.5 billion (exclusive of any proceeds attributable to the underwriters' possible exercise of their over-allotment options described below) or $4 billion (assuming full exercise of those options), in each case before deduction of underwriting discounts and commissions. The Company has agreed to sell 125,143,915 common shares at a public offering price of 17.10 EUR ($22.77 at a $/EUR conversion rate of 1.3318) per common share. The co also announces the pricing of its public offering of $700 million aggregate principal amount of 5 percent convertible senior notes due May 15, 2014. (stock is halted)