Morgan Stanley
India | Thursday, 4 December 2008

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Steel Articles

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151. Arcelor to take legal action against Mittal
Arcelor, the world's second-largest steel maker, has decided to take legal action in the United States against its unsolicited bidder Mittal Steel, alleging patent infringement.
12 May 2006
152. Arcelor shrugs off Mittal's latest offer
Arcelor SA Chief Executive Guy Dolle on Wednesday described as "insufficient" Mittal Steel Co.'s offer to revise its takeover offer, and EU regulators delayed their deadline to clear the bid.
11 May 2006
153. Mittal willing to revise Arcelor offer
Mittal Steel Co. said Tuesday it would be willing to revise its $ 23 billion takeover bid for Arcelor SA and significantly change its corporate governance if its steelmaking rival recommends the offer to its board.
10 May 2006
154. EU delays decision on Mittal bid for Arcelor
The European Commission will extend by 10 working days its review of Mittal Steel's unsolicited 20 billion euro ($ 25.5 billion) bid for Arcelor, a source familiar with the situation has announced.
10 May 2006
155. Mittal rules out improved offer for Arcelor
Steel giant Mittal Steel has announced that it would not improve its bid for Arcelor but was ready to revise its offer and reduce the Mittal family's control of the company if Arcelor's board dropped its opposition to the deal.
09 May 2006
156. Holders back Arcelor board in Mittal fight
Arcelor SA's board won support from shareholders as the steelmaker defended its actions to protect itself from a 19 billion euro ($ 23 billion) takeover bid from rival, world’s number one steel producer, Mittal Steel Co.
08 May 2006
157. Mittal ready to work out 'friendly bid,' but will not raise Arcelor offer
Mittal Steel has expressed its intention of sitting down with Arcelor's board to get to a "friendly bid situation," but its offer, currently valued at $ 23 billion, is not open for discussion, a senior executive said.
06 May 2006
158. Mittal rules out meeting Arcelor management
Senior Mittal Steel executives have ruled out a meeting with their counterparts at Arcelor to persuade them to accept Lakshmi Mittal's $ 23 billion hostile bid.
05 May 2006
159. Arcelor suggests Mittal Steel make offer
The chief executive of Luxembourg-based Arcelor SA has announced that the company would consider Mittal Steel Co.'s unsolicited takeover bid if the offer is large enough and made in cash.
03 May 2006
160. Arcelor suggests Mittal to make all-cash bid
World's number two steelmaker, Arcelor, has informed its shareholders that it would reconsider the offer if it were made exclusively in cash.
02 May 2006
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