Business
The $33.6-billion deal caps months of hostile bidding and beats an offer from Severstal.
June 26, 2006
British steel magnate Lakshmi Mittal agreed Monday to buy International Steel Group Inc. for $4.5 billion and merge it with his other assets, creating the industry’s largest player.
Oct. 26, 2004
Mittal Steel Co., already the world’s largest steelmaker, announced a hostile $22.8-billion offer for rival Arcelor on Friday, a deal that would create a global powerhouse far outstripping its nearest competitors.
Jan. 28, 2006
The Dutch company raised its bid last week by 34% and pledged to cut the controlling family’s power over a combined entity.
May 22, 2006
A Russian steelmaker run by one of the world’s richest men announced Friday that it would buy a Maryland steel mill from a company run by a rival billionaire for hundreds of millions of dollars less than once sought.
March 22, 2008
Lakshmi Mittal became chief executive of Arcelor Mittal in place of Roland Junck, strengthening his grip on the world’s biggest steel company five months after the $38.3-billion purchase of Arcelor.
Nov. 7, 2006
The U.S.
Feb. 21, 2007
ArcelorMittal has notified the United Steelworkers and other stakeholders that as many as 2,444 employees at its Burns Harbor steel plant could be laid off indefinitely in January.
Nov. 23, 2008
World & Nation
European steel giant Arcelor, fighting a hostile bid from Mittal Steel Co., said it had reached a deal that would give it a controlling stake in Severstal, Russia’s largest steelmaker, and 1.25 billion euros ($1.59 billion) in cash in exchange for 32% of Luxembourg-based Arcelor.
May 27, 2006
Corus Group agreed to a cash offer of 4.3 billion pounds ($8 billion) on Friday from India’s Tata Steel in a deal that would create the world’s fifth-largest steelmaker.
Oct. 21, 2006