Tag: Mittal Steel
Mittal Steel announces new steps in the offer
Mittal Steel has announced, on 16 February, that the Belgian Commission Bancaire, Financière et des Assurances has published its notice relating to Mittal Steel’s proposed offer for Arcelor.
Arcelor sweetens dividend as it fights bid
Arcelor, on 16 February, announced a rise in profits and higher dividends for 2005, citing the stability of its business model for allowing it to prosper in tougher cyclical conditions.
EU to decide on Mittal Steel – Arcelor issue
Amid the raging controversy over Mittal Steel’s takeover bid for rival Arcelor, the EU, on 15 February said it was against racial discrimination and the issue should be treated only on commercial considerations.
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.
Nippon declines to comment on clause
Nippon Steel declined to comment on 13 February about reports that its technology tie up with Arcelor could help it fight off a hostile takeover bid by Mittal Steel.
Nippon Steel could prevent Arcelor takeover
According to Japan’s Nippon Steel, a technology tie-up between Nippon Steel Corp. and Arcelor could enable the Luxembourg-based steel firm to fight the takeover bid by Mittal Steel.
Arcelor could buy Eramet to block Mittal
It has been reported in a daily that steel group Arcelor could consider buying minerals group Eramet, partly controlled by the French state, in an effort to prevent hostile takeover bid by Mittal Steel.
Spanish minister concerned over Mittal`s bid
Spanish Industry Minister Mr Jose Montilla has reiterated concerns over Mittal Steel`s hostile takeover bid for Arcelor.
India chides Europe on view of Mittal bid
India’s trade minister on 10 February criticized European governments opposing a bid by Mittal Steel for European steelmaker Arcelor, warning their stance could derail global trade talks and saying their resistance smacked of racism.
Department of Justice to probe Mittal bid
The antitrust division of the US Department of Justice, has apparently initiated an investigation of Mittal Steel’s USD 23 billion hostile bid for Luxembourg-based Arcelor.