Tag: Arcelor
Mittal not to improve financial bid
Mittal Steel said on 13 June 2006 that it had no plans to improve the financial terms of its offer for Arcelor and said a proposal to improve its offer related only to corporate governance.
Arcelor rejects Mittal’s current revised offer
On 11 June 2006 Arcelor's Board of Directors met at their headquarters under the chairmanship of Mr Joseph Kinsch.
Arcelor employees now shareholders
Following a program designed to allow Arcelor employees to become shareholders of the company launched in 12 countries, around 50% of Arcelor's employees in these countries will now be shareholders of the company.
EC approves Mittal-Arcelor merger
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Arcelor by Mittal Steel subject to conditions as both companies are major steel producers.
Mittal’s revised offer approved
Market regulators in Belgium and Luxembourg announced that they have approved Mittal Steel's revised EUR 23.5 billion offer for Arcelor.