Arcelor, Nunavut Closer to Control of Baffinland reports that ArcelorMittal (NYSE:MT) and Nunavut Iron Mines are much closer to controlling Baffinland Iron Mines (TSE:BIM).

The story is quoted as saying:

 Between them, ArcelorMittal and Nunavut now hold 67 percent of all outstanding shares and 45 percent of outstanding 2007 warrants, representing 64 percent of fully diluted shares

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