Tag: Mittal Steel
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 may settle for minority stake
Mittal Steel plans to continue with its offer for Arcelor but could end up with a lower stake in the company than it has been seeking, in light of the European group’s proposed EUR 13 billion merger with Severstal of Russia.
Mr Ross confirms that Mittal will not raise offer
Mr Wilbur Ross a director of Mittal Steel confirmed on 26 May 2006 that Mittal Steel will not raise its offer for Arcelor.
Schulz stands firm on Dofasco contract with Mittal
Reuters has reported that ThyssenKrupp's CEO Mr Ekkehard Schulz said on 20 May 2006 that Mittal Steel is contractually obliged to offer German steelmaker ThyssenKrupp an alternative to Canada's Dofasco.
Mittal says offer period may be extended
Mittal Steel said that the closing date of its offer for Arcelor might be extended slightly as a result of the improvements to its bid announced earlier on 19 May 2006.
Mittal launches bid for Arcelor
Mittal Steel has launched its offer to Arcelor shareholders on 18 May 2006.
Information document approved
Mittal Steel has announced that following coordination among the European regulators, the information document relating to its offer for Arcelor shares and convertible bonds was approved by the Luxembourg Commission de Surveillance du Secteur Financier, the Belgian Commission Bancaire, Financière et des Assurances and the French Autorité des marches financiers.
Mittal granted conditional go ahead for Arcelor
The Department of Justice has announced on 13 May 2006 that it has reached an agreement with Mittal Steel regarding its offer to acquire Arcelor SA.
Arcelor files patent lawsuit against Mittal
Arcelor has filed a lawsuit against Mittal Steel in the USA over alleged patent infringement, a spokesman with the Luxembourg-headquartered company told SteelWEEK.
