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.