Mittal Delivers Takeover Offer; Arcelor Board Firmly Opposed

March 2006
Metal Center News;Mar2006, Vol. 46 Issue 3, p48
Trade Publication
The article reports on the continued pursuit of Mittal Steel Co. NV to acquire Arcelor SA even though the board of directors of Arcelor declined the offer of Mittal Steel in Luxembourg. The offer of Mittal Steel consists of four class A common shares and 35.25 dollars for every five Arcelor shares. Arcelor CEO Guy Dolle and chairman Joseph Kinsch had initially expressed their opposition to the merger.


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