Deals Rumor Mill: ArcelorMittal, Saudi Aramco, Peloton

Law360 (September 10, 2019, 4:40 PM EDT) -- Luxembourg-based steel giant ArcelorMittal is considering selling a downstream construction unit, Bloomberg reported on Tuesday. Citing anonymous sources, Bloomberg reported that the unit could be sold for as much as €800 million ($883.3 million). The report states the company has already tapped advisers to help auction off the unit. According to the report, the sale comes as the company looks to sell off what the outlet called “peripheral operations.”

Goldman Sachs and JPMorgan have earned top spots on Saudi Aramco’s planned initial public offering, Bloomberg reported on Tuesday. According to the report, the state-owned oil giant plans to tap additional global...

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