Tag: Mittal Steel
Nippon Steel backs Arcelor in hostile bid
It is reported in a Japanese daily that Nippon Steel Corp. President Mr Akio Mimura threw his company’s support to Luxembourg steelmaker Arcelor in its fight against a hostile takeover by Mittal Steel.
Belgian regulator gets Mittal’s draft Arcelo
Belgium’s financial regulator said that it has received from Mittal Steel a copy of its draft prospectus for its bid to acquire rival Arcelor.
Arcelor close to unveiling China project
Arcelor is close to announcing a project in China that it hopes will help convince its shareholders that it has a global growth strategy that offers its shareholders a superior proposition to Mittal Steel.
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.
Indian government lends support to Mittal Steel
India’s government is concerned about the attitude of French leaders toward Mittal Steel’s bid for Arcelor, Trade Minister Mr Kamal Nath said on 1 February.
USW express support to Mittal Steel
The United Steelworkers International Union has expressed support for Mittal Steel’s proposal to merge with Arcelor.
Arcelor may seek Asian alliance
Arcelor SA has said that it may seek an alliance with an Asian company to thwart a hostile takeover bid by Mittal Steel.
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.
Mittal Steel hostile bid
Arcelor has taken note of the hostile takeover bid launched by Mittal Steel on Arcelor shares with the goal to acquire a controlling stake in the company.
