Tag: Arcelor
Mittal garners German support for Arcelor bid
Indian-born steel magnate Mr Lakshmi Mittal claims to have won the backing of German-based investors of Arcelor for his unsolicited bid for the world’s number two steelmaker, despite a refusal to sweeten the offer price, a German newspaper reported 9 February.
Department of Justice to probe Mittal bid
The antitrust division of the US Department of Justice, has apparently initiated an investigation of Mittal Steel’s USD 23 billion hostile bid for Luxembourg-based Arcelor.
Arcelor extends deadline for Dofasco takeover
Citing the need for regulatory approvals, Arcelor SA is extending the deadline on its CDN 71-a-share offer to Dofasco Inc shareholders until 20 February.
Mittal hopes to close Arcelor buy in Q2
It has been reported in a Belgian newspaper that Mr LN Mittal said he hoped to close Mittal Steel’s purchase of Arcelor "well before" the end of the second quarter.
Mr LN Mittal to meet EU parliament head on Arcelor
Steel magnate Mr LN Mittal brings his campaign to promote a USD 24 billion bid for Arcelor back to the EU’s headquarters in Brussels on 7 February 2006, after visiting four capitals in the past week.
Nippon Steel backs Arcelor in hostile bid
It is reported in a Japanese daily that Nippon Steel Corp. President Mr Akio Mimura threw his company’s support to Luxembourg steelmaker Arcelor in its fight against a hostile takeover by Mittal Steel.