Dofasco Inc. has advised that, notwithstanding the announcement by Mittal Steel of an unsolicited bid for Arcelor SA, Arcelor is committed to pursuing its acquisition of Dofasco at a price of CAD 71 cash per share pursuant to its obligations under the Support Agreement between Arcelor and Dofasco. The transaction remains subject to regulatory approvals, which Arcelor has indicated it is proceeding to obtain in the usual manner. Dofasco’s Board of Directors has no reason to believe that the acquisition will not close in the ordinary course.
