Mr Guy Dollé CEO of Arcelor retreated that a detailed document is to be tabled by Mittal Steel to start discussions between Arcelor and Mittal Steel on the takeover bid. In his opinion Mr Mittal, CEO of Mittal Steel, never made such a measured approach and launched his hostile bid in late January just a fortnight after touching on the subject of creating a 120 million tonne steel producer with him. “He did not show me a plan because he does not have one,” Mr Dollé said this week. “I do not know if I could work with Mr Mittal. Normally to do so you would have to have managed properly the beginning of the story.” Despite receiving several invitations, Mr Dollé refuses to meet his rival steel tycoon.
