Negative response from France on Mittal Steel bid

France’s Finance Minister Thierry Breton disparaged Mittal’s offer, telling parliament on 31 January 2006 that he has never seen such a “badly prepared” takeover attempt. “I have seen many operations like that in my life,” said Mr Breton, a former CEO of France Telecom. “But I want to tell you that it is the first time that I have seen one that seems so badly prepared.”

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