Hints and tips:
...The Florange law was named after the industrial community that was at the centre of a bitter row several years after the hostile €26.9bn takeover of Arcelor by Mittal Steel....
...We have Buy ratings on BHP, Glencore and Arcelor Mittal and Neutrals on Rio Tinto and Anglo American....
...Japanese steelmakers have watched the emergence of the behemoth Arcelor Mittal with a mixture of concern and envy, but analysts say a burst of foreign acquisitions is unlikely, given their focus on high-margin...
...Lakshmi Mittal’s Mittal Steel became the largest steel group in the world after last year’s $27bn acquisition of Arcelor....
...Mittal’s CEO, Lakshmi Mittal, recently admitted that he had learned a great deal from the protracted (and ultimately successful) six-month bid for Arcelor....
...This was followed by the emergence of “global Indians” – businesspeople such as Lakshmi Mittal, whose Mittal Steel bought Arcelor of Luxembourg last year, and Indra Nooyi, the new chairwoman of PepsiCo....
...There would be no better advertisement for this than the emergence of the first 100m-tonne-a-year steel company [in the form of a merged Mittal/Arcelor].?...
...His steely eye Lakshmi Mittal may not have foreseen that his hostile bid for Arcelor would force him to dive deep into European politics but that was what he did on Tuesday when he made a courtesy visit...
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