2 Most Active Stocks Highlights: ArcelorMittal SA (ADR) (MT), Range Resources Corp. (RRC)

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ArcelorMittal SA (ADR) (NYSE:MT)

Stock’s Trading Stats:

ArcelorMittal SA (ADR) (NYSE:MT) is trading up with a percentage change of 2.99% and is at $5.86 right now. The Company’s market capitalization stands at $18.00 Billion in the current trading Session whereas, its outstanding shares are 3.07 Billion.

Recent Press Release:

ArcelorMittal (MT) on April 19, 2016 declared the launch of its tender offer (the “Offer”) to purchase for cash any and all of its outstanding 6.125% Notes due 2018 (CUSIP 03938LAF1/ ISIN US03938LAF13; 03938LAD6/US03938LAD64; L0302DAN3/ USL0302DAN32) (the “Notes”) on the terms and subject to the conditions set out in the offer to purchase dated April 11, 2016 (the “Offer to Purchase”) and the Notice of Guaranteed Delivery. The Offer expired at 5:00 p.m., New York City time, on April 18, 2016.

The table below sets forth information with respect to the Notes and the Offer in addition to the aggregate principal amount of Notes that were validly tendered (counting using the guaranteed delivery procedures set forth herein) and not validly withdrawn at or before 5:00 p.m., New York City time, on April 18, 2016.

Subject to the terms and conditions set forth in the Offer to Purchase, the Company anticipates to accept for purchase on April 19, 2016, the amount of Notes validly tendered at or before the Expiration Time, other than Notes tendered using the guaranteed delivery procedures. Subject to the terms and conditions set forth in the Offer to Purchase, the Company anticipates to accept for purchase on April 21, 2016, the amount of Notes that were validly tendered using the guaranteed delivery procedures.

Payment of the aggregate consideration for all such Notes is predictable to be made on the Any and All Settlement Date or on the Guaranteed Delivery Settlement Date, as applicable, on which date the Company will deposit with DTC the amount of cash necessary to pay the Tender Consideration plus Accrued Interest in respect of the Notes accepted for purchase in the Offer.

Range Resources Corp. (NYSE:RRC)

Stock’s Trading Stats:

Range Resources Corp. (NYSE:RRC) is surging 2.67% percent and is at $38.08 in the Real-Time trading session. The stock’s market capitalization stands at $6.44 Billion with outstanding shares of 169.74 Million.

Recent Press Release:

Range Resources Corporation (RRC) March 28, 2016 declared that it has accomplished the sale of its Bradford County non-operated assets. After purchase price adjustments based upon a January 1st effective date, Range received about $110 million of sales proceeds at the closing plus retaining the net cash flow since the effective date. In early February, Range signed a purchase and sale agreement covering its non-operating Marcellus interest in Bradford County, Pennsylvania for about $112 million. Range sold an average working interest of 23% covering about 10,900 net acres with net production of about 22 Mmcf per day.

Range will include the Bradford County operations in its operations until the closing date in its first quarter stated operations. The net proceeds were used to reduce debt and other corporate purposes. This monetization further strengthens the Company’s financial position by reducing leverage and enhancing liquidity. After the sale, the borrowing base under Range’s revolving credit facility remains unchanged at $3 billion.