Tag: Arcelor SA
Mittal Steel Co. NV expects to wrap up its lengthy EUR 30 billion takeover of rival Arcelor SA in November.
Arcelor Mittal has won the latest rounds of a legal battle with hedge funds and other investors over the offer terms for shares in Arcelor SA it doesn't already own.
Mittal Steel has issued an open letter urging Arcelor SA shareholders to resist pressure from management to merge with Severstal.
Mittal Steel has announced the commencement of the previously announced US offer for ordinary shares and convertible bonds of Arcelor SA held by US holders and for all Arcelor American Depositary Shares, each ADS representing one ordinary share of Arcelor.
Arcelor SA has announced that an additional 7,967,623 common shares of Dofasco Inc. including shares deposited by guaranteed delivery, were deposited to Arcelor's offer to acquire all of the outstanding common shares of Dofasco for CAD 71.00 in cash per Dofasco common share between 20 February 2006, the previous expiry date of the offer, and 8:00pm on 7 March 2006, the latest expiry date of the offer.
Arcelor SA employee shareholders on 6 March 2006 urged others to retain their stake in Arcelor, saying that Mittal Steel was more eager to win over the French government than shareholders.