Hints and tips:
...Mr Mittal, who yesterday took on the additional role of ArcelorMittal chairman after the retirement of Joseph Kinsch, is also the biggest shareholder with a stake of 45 per cent....
...Another possibility, Mr Mittal said, was that Mr Kinsch – formerly Arcelor chairman – could continue beyond his intended retirement date....
...Joseph Kinsch could continue in his job beyond next year. He and I have been co-operating very well....
...The Mittal/Arcelor talks have mainly involved Mr Mittal and Joseph Kinsch, Arcelor’s chairman, and will continue on Satuday....
...He is to retire along with Mr Kinsch next year, with his job then going to whomever is the strongest candidate....
...Since, according to Mr Kinsch, Mittal has so far not been willing to part with such detailed information, Mr Kinsch says no meeting will take place, at least for the time being....
...Mr Mittal will, however step up to the chairmanship when Mr Kinsch retires next year....
...Mr Aristrain said Joseph Kinsch and Guy Dollé, chairman and chief executive, should “come out” of Arcelor on the grounds that they represented an “old way” of running public companies in which shareholders...
...On Wednesday night, Mr Mittal flew to Brussels for a meeting with Joseph Kinsch, Arcelor’s chairman - with Mr Kinsch all but ready to agree a deal....
...It also said the Arcelor representatives would be a “delegation” of relatively junior officials who would not include Joseph Kinsch, Arcelor’s chairman, nor Guy Dollé, its chief executive....
...Joseph Kinsch, Arcelor’s chairman, said after a meeting of his company’s board that Friday’s offer – in which Mr Mittal increased his valuation of his intended prize by more than a quarter – “demonstrates...
...What Mr Mittal wants is for Joseph Kinsch and Guy Dollé – chairman and chief executive of Arcelor respectively – to drop their opposition to the bid and agree to talk to him and his senior executives about...
...A banker involved with the letter – due to be sent to Joseph Kinsch, Arcelor chairman, in the next few days – said it had been posted to 30 to 50 shareholders of Arcelor, most of whom had indicated their...
...Joseph Kinsch, Arcelor’s chairman, said that the group had formed the trust to make Dofasco immune from takeover for at least the next five years....
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