Hints and tips:
...“To the extent that Cliffs is now Arcelor and AK, the question is how will the justice department feel about this increased consolidation?”...
...“The Glencores and the Arcelor-Mittals of this world are going to jump out at you”, says Mr Gargour....
...In 2006 Arcelor, a French, Belgian and Spanish group, was taken over in a €26.5bn by Indian rival Mittal Steel despite the opposition of the government....
...Mr Hollande has already been stung by disputes over France’s punitive tax regime for business and the spat with Lakshmi Mittal, owner of Arcelor Mittal....
...He accuses the steelmaker of being “overindebted, degraded, and making all of its territories in Europe pay too high a price for his 2006 takeover of Arcelor which was effectively a hostile leveraged buyout...
...of Luxembourg-based Arcelor in 2006....
...The decision to sell the stake follows a pattern in which Cairn Energy discovers energy assets and then sells them over time, according to those familiar with the group’s thinking, including Cairn Energy USA...
...He founded Mittal Steel in 1976 and built it through a series of high-profile acquisitions, culminating in the takeover of Arcelor in 2006....
...The bonds were issued through the company’s US subsidiary, Reliance Holdings USA....
...TCI spearheaded the ousting of the chief executive of Deutsche Börse, Werner Seifert, scuppering a bid for the London Stock Exchange; persuaded Mittal Steel to increase its bid for Arcelor Brasil by 55 per...
...The first ten companies to be available under the new programme are Apple Inc., Google Inc., Bank of America Corporation, Arcelor Mittal, Goldman Sachs Group Inc., Avon Products Inc., Walmart Stores Inc....
...They were Mittal, agreeing a €34bn deal with Arcelor, Phelps Dodge, bidding to sweep up Inco and Falconbridge for $40bn, and Johnson & Johnson buying Pfizer’s over-the-counter medicines unit for $16.6bn....
...Inside the desultory conditions of the main tent, Lloyds chairman Sir Win Bischoff was wooing Arcelor Mittal chairman Lakshmi Mittal, before heading off to hold court with his old Citigroup colleagues, including...
...It did everything it could to try to block Mittal’s hostile bid for Arcelor but ultimately failed....
...Mittal, which won a bitter $33bn battle to acquire Arcelor in July 2006, had originally said it would buy out the minority shareholders at an exchange ratio of 11 of its own shares for seven Arcelor shares...
...Steel makers suffered after Bloomberg quoted a company official at Arcelor Mittal, the world’s biggest steel company, as saying it may halve the size of a planned plant in India and indefinitely defer a...
...Arcelor remained at the bottom of the CAC 40 throughout the session and closed 3.7 per cent lower at €17.98....
...The high point for Mr Mittal (pictured below) came just over two years ago when he pulled off the industry’s biggest ever merger by combining Mittal Steel, his then flagship company, with Arcelor, its main...
...Corporate grammar When Lakshmi Mittal launched his hostile bid for Arcelor, Thierry Breton, the then French economy minister, criticised the Indian entrepreneur for his lack of understanding of the “grammar...
...There was also some collateral damage inflicted upon Arcelor Mittal, with the world’s largest steelmaker seemingly being judged by traders as in the same boat as BHP and Rio....
...Arguably, this could well be the case of Mittal and its takeover of the European Arcelor steel group. And let’s not forget Rio Tinto-Alcan....
...During the Mittal-Arcelor battle he advised the Luxembourg government on their communications strategy....
...Mr Mittal founded Mittal Steel in 1976 and in 2006 pulled off the takeover of France’s Arcelor to create ArcelorMittal, the world’s largest steelmaker, where he remains chief executive....
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