|
Article Excerpt
IN A DRAMATIC MOVE, to undermine Mittal Steels takeover attempt and claim the title of worlds, largest steel producer, Europes Arcelor agreed last month to purchase Severstal, the largest steelmaker in Russia.
Mittal appeared undeterred, however, winning approval of a merger with Arcelor from European antitrust regulators in early June, provided Mittal divests itself of three European steel facilities. Addressing another stumbling block, Mittal also agreed to share its business plan with Arcelor in hopes of a friendly acquisition. Arcelor officials maintained that they needed the business plan to accurately gauge the value of Mittal's shares.
The combination of Arcelor and Severstal would result in a steel giant with $46...
|
|
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
