Tag: Arcelor

NLMK no longer interested in Arcelor

The daily Les Echos reported that Russia's OJSC Novolipetsk Steel said that it is not interested in acquiring Arcelor, NLMK declined to comment on reports that its chairman, Mr Vladimir Lisin wants to buy a significant stake in the company.

Mittal sets date of Arcelor offer

Mittal Steel will officially launch its takeover bid for European steel giant Arcelor in two weeks' time, chief executive Mr Lakshmi Mittal has confirmed.

French bank and Tassara raises stake

Italy's Carlo Tassara International SA has increased its stake in Luxembourg-based steel group Arcelor and plans to continue buying shares.

NLMK Chairman interested in a stake in Arcelor

Mr Vladimir Lisin chairman of NLMK is interested in buying a stake in Arcelor and met Luxembourg Economy Minister Mr Jeannot Krecke to discuss it.

EU sets target date for Mittal’s bid ruling

EU regulators have set a 19 May target for an antitrust ruling on Mittal Steel's EUR 19 billion hostile takeover bid for Arcelor SA.

Luxembourg drops takeover law change

Luxembourg has dropped a proposed change in its takeover laws that would have helped Arcelor to fend off Mittal Steel's takeover bid.

Mittal to go ahead with bid

Mittal Steel said on 4 April 2006 that it would press ahead with a hostile takeover bid for Arcelor, after its European rival stepped up defences.

Arcelor to make announcement about bid

Reuters has reported that Arcelor will announce measures designed to fend off the unsolicited bid from Mittal Steel citing a source close to the deal.

Sixty percent of Arcelor stock traded

Luxembourg’s Minister of Economy and Foreign Trade Mr Jeannot Krecke has told Indian Commerce and Industry Minister Mr Kamal Nath that as much as 60% of Arcelor’s equity had changed hands since the day Mittal Steel announced its bid for the European steel major.

Mittal outlines offer for Arcelor in US filing

Mittal Steel has announced that it has outlined its offer for Arcelor in a US Securities and Exchange filing.