June 18 (Reuters) - ArcelorMittal SA :
* ARCELORMITTAL ANNOUNCES SALE OF CLEVELAND-CLIFFS COMMON STOCK WITH THE PROCEEDS TO BE RETURNED TO SHAREHOLDERS VIA A $750 MILLION SHARE BUYBACK
* CONCLUSION OF SALE OF ITS REMAINING 38.2 MILLION COMMON SHARES IN CLEVELAND-CLIFFS INC.
* VALUE CRYSTALIZED FROM THIS SALE OF WILL BE RETURNED TO SHAREHOLDERS VIA A NEW $750 MILLION SHARE BUYBACK PROGRAM OF ARCELORMITTAL COMMON SHARES
* NEW SHARE BUYBACK PROGRAM WILL COMMENCE IMMEDIATELY AND FOLLOWS PREVIOUS BUYBACK PROGRAM WHICH IS NOW COMPLETE
* DISPOSAL OF REMAINING COMMON SHARES IN CLEVELAND CLIFFS BRINGS TOTAL CASH PROCEEDS FROM SALE OF ARCELORMITTAL USA TO $1.9 BILLION SO FAR
* ARCELORMITTAL NORTH AMERICA HOLDINGS LLC CONTINUES TO HOLD NON-VOTING PREFERRED STOCK REDEEMABLE AT CLEVELAND-CLIFFS' OPTION
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