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Arcelor rejects Mittal bid, justifies Severstal deal Steelmaker Arcelor SA has announced that its board has rejected Mittal Steel Co.'s revised offer and recommended that shareholders approve its merger deal with Russia's OAO Severstal. 15 Jun 2006
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Arcelor Defends Severstal Deal Steelmaker Arcelor SA has defended a merger proposal with Russia's Severstal on Tuesday, valuing it at 13 billion euros ($ 16.34 billion) and saying a takeover from rival Mittal Steel Co. could lead to "highly volatile" revenues. 14 Jun 2006
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Mittal, Arcelor begin bid talks Steelmaker Arcelor has confirmed that a meeting was held with rival steel giant Mittal Steel Co. and issues were discussed concerning the latter's unsolicited takeover bid. 14 Jun 2006
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Mittal may sweeten Arcelor bid In anticipation that Arcelor will reject its hostile takeover bid, the Indian steelmaker owned by Lakshmi Mittal has indicated it may be ready to sweeten its bid for the European firm again, sources said. 11 Jun 2006
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Arcelor to make statement on Mittal decision Arcelor's chairman said the steelmaker would issue a statement at 0500 GMT on Monday about its board's decision on a 22 billion euro ($ 27.9 billion) takeover offer from rival Mittal Steel. 11 Jun 2006
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Arcelor faces the Russian roulette Arcelor's board is expected to prepare a response on Sunday to shareholders unhappy with its "white knight" deal to save the steelmaker from Mittal Steel's unsolicited 22 billion euro ($ 27.9 billion) bid. 10 Jun 2006
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Severstal not keen to increase Arcelor stake OAO Severstal owner Alexei Mordashov does not intend to increase his stake in Arcelor SA above 32 percent, Severstal has announced. 09 Jun 2006
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Mittal confident in Arcelor takeover bid Mittal Steel Co. has expressed its confidence that its takeover bid for steel rival Arcelor would attract at least half of all shares before the offer expires. 02 Jun 2006
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Mittal seeking to put a spanner in Arcelor-Severstal merger bid Mittal Steel Co. is racing to arrange support among Arcelor SA shareholders for a special meeting aimed at derailing Arcelor's proposed combination with Russian steelmaker OAO Severstal, according to a newspaper report. 01 Jun 2006
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Arcelor thwarts Mittal bid, announces $ 1.59 billion merger with Severstal Arcelor SA, the steelmaker fighting a hostile bid from rival Mittal Steel Co., has announced that it has reached a deal that would give it a controlling stake in Russia's largest steelmaker Severstal and $ 1.59 billion in cash in exchange for 32 percent of Arcelor. 30 May 2006
