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Mittal delivers takeover offer; Arcelor board firmly opposed.

Publication: Metal Center News
Publication Date: 01-MAR-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Mittal delivers takeover offer; Arcelor board firmly opposed.(METAL INDUSTRY NEWS)

Article Excerpt
THE WORLD'S LARGEST steel producer, Mittal Steel Co. N.V., is continuing its pursuit of No. 2, Arcelor S.A., though Arcelor's board voted Ian. 29 to reject Mittal's offer. Luxembourg-based Arcelor remains vocally opposed to the merger, announcing a strategic plan for 2006-08 that "reinforces the board's decision ... to unanimously reject Mittal Steel's hostile bid."

Arcelor has also remained active on the acquisition front, closing its...

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