Tag: Arcelor
Arcelor unions to vote for merger with Severstal
Russian Itar-Tass has reported that an association of shareholders from Arcelor labour collectives said on 27 June that they would vote for a merger with Russia’s Severstal on 30 June.
Arcelor shareholders reject SeverStal merger
The extraordinary shareholders meeting of Arcelor, which met on 30 June 2006 under the Chairmanship of Mr Joseph Kinsch, has resolved to reject the proposed SeverStal merger.
Severstal to take final call on Arcelor
Russian steel maker Severstal said on 29 June that it was examining all options in relation to Arcelor and had not made a final decision on its next step.
Arcelor board will decide on Dofasco’s future
Arcelor’s board of directors will decide the fate of Canadian steelmaker Dofasco, according to Mittal Steel CFO Aditya Mittal.
ThyssenKrupp expects Mittal to honour Dofasco deal
ThyssenKrupp AG said it expects Mittal Steel to honour the agreement reached in January under which the German steel maker would acquire Arcelor’s recently acquired Dofasco in the event of a successful takeover of Arcelor by Mittal Steel.
Mittal and Arcelor merge
Mittal Steel Co. has announced that it has reached an agreement with Arcelor to combine the two companies in a merger of equals to create the world’s leading steel company.
Arcelor board to make a decision
The full board of Arcelor met on 21 June 2006 with Mr Kinsch as Chairman to consider the improvements to the Severstal transaction proposed by Mr Mordashov.
Mittal likely to increase offer for Arcelor
ING group said that Mittal Steel needs to increase its offer a second time to convince Arcelor’s board to recommend it.
Severstal offers revised terms for merger proposal
Severstal has offered to revise the terms of its merger agreement announced on 26 May 2006 with Arcelor in a bid to outflank Mittal Steel's competing bid.
Arcelor merger dropped if Mittal reaches 50% stake
Mr Alexei Mordashov, Severstal's chairman and principal shareholder, said that the group will abandon its plan to merge with Arcelor if Mittal Steel manages to acquire a stake of 50% or more in the combined group.
