Another leg in the Arcelor deal has come forward. Mittal Steel Co. is required to put forth an offer to buy out the shareholders of Arcelor’s Brazilian
division in order to see the mega merger through. This could raise the cost of the $31.9 billion deal by an added $5 billion; the combined company will comprise 10% of the global steel production. The shareholders of Arcelor Brasil SA, listed on the Sao Paulo Stock Exchange urged the Brazilian Security & Exchange Commission to look into the issue after Mittal refused to offer a buyout. Mittal will contest the decision in the court.
For complete IIPM article click here
Source:- IIPM Editorial, 2006
Editor:- Prof. Arindam Chaudhuri
division in order to see the mega merger through. This could raise the cost of the $31.9 billion deal by an added $5 billion; the combined company will comprise 10% of the global steel production. The shareholders of Arcelor Brasil SA, listed on the Sao Paulo Stock Exchange urged the Brazilian Security & Exchange Commission to look into the issue after Mittal refused to offer a buyout. Mittal will contest the decision in the court.For complete IIPM article click here
Source:- IIPM Editorial, 2006
Editor:- Prof. Arindam Chaudhuri
