Mittal Steel Co. (Mittal) has announced on 28 August 2006 the final results of its offer for Arcelor securities, following completion of the centralization of tenders in the subsequent offering period which ran from 27 July through 17 August in Belgium, France, Luxembourg, Spain and the USA.
Arcelor and Mittal Steel Co. have announced the Chief Executive Officer, Chief Financial Officer, members of the Management Board and members of the Board of Directors for Arcelor Mittal. Mr Roland Junck has been appointed CEO.
Mr Gonzalo Urquijo CFO of Arcelor said that it is legally not possible for the combined Arcelor-Mittal group to sell Canada's Dofasco as Mittal Steel wishes.
AFX has quoted a spokesman of Arcelor as saying that the control of Arcelor will not change once its merger with Mittal is completed.
Mittal Steel Co. has announced on 26 July 2006 the final results of its offer for Arcelor securities, which expired on 13 July in Belgium, France, Luxembourg, Spain and the USA.
Mittal Steel has announced that, while the global centralizing agent for the offer is still in the process of verifying and counting the Arcelor securities tendered in the Offer, it has determined that, on a preliminary basis and based on statements made by financial intermediaries, the minimum tender condition of the offer ie 50% of Arcelor outstanding shares on a fully diluted basis as set forth in the Offer prospectus, as supplemented has been met.