Tag: Luxembourg

Luxembourg to vote on takeover law

Luxembourg's parliament is to decide 22 March 2006 whether to introduce new rules which could obstruct the bid of Mittal Steel for Arcelor.

Mittal not to raise bid for Arcelor

Mittal Steel CEO Mr LN Mittal said that he had no plans to raise his EUR 19 billion offer for Arcelor SA or make a all cash bid, and was confident that Luxembourg would not try to scuttle the deal.

Mittal presents Arcelor plan to Luxembourg

Mittal Steel has presented a detailed industrial plan for the takeover of rival Arcelor to Luxembourg's government.

Arcelor executives oppose Mittal takeover bid

Senior executives of steelmaker Arcelor said on 13 March 2006 that they support the company's future direction and reject the hostile USD 23 billion takeover bid by Mittal Steel.

Indian PM may raise Mittal Steel/Arcelor issue

It is reported in media that hostile reaction from Luxembourg governments towards Mittal Steel’s bid for Arcelor is likely to figure in the discussions between Indian Prime Minister Dr Manmohan Singh with French President Mr Jacques Chirac.

Spain against bid for Arcelor

Spain has joined France and Luxembourg in opposing Mittal Steel’s USD 24 billion hostile bid for rival Arcelor on 2 February.

Luxembourg PM to discuss steel bid

Prime Minister Mr Jean-Claude Juncker of Luxembourg will meet French President Mr Jacques Chirac on 1 February to discuss Mittal Steel’s hostile takeover bid for Arcelor, the French president’s office said on 30 January.