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Arcelor board votes to reject Mittal Steel's revised offer
- June 12, 2006
- News Release
- Metals/Materials
Arcelor Board of Directors met June 11 and unanimously decided to reject Mittal Steel's current revised offer. The board also recommended that shareholders support the proposed merger with Severstal at the general meeting scheduled for June 30.
The board concluded that Mittal Steel's current offer is inadequate as it continues to undervalue Arcelor and that the Severstal transaction is a more attractive alternative from a strategic, financial, and social point of view.
More information can be found here.
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The Fabricator is North America's leading magazine for the metal forming and fabricating industry. The magazine delivers the news, technical articles, and case histories that enable fabricators to do their jobs more efficiently. The Fabricator has served the industry since 1970.
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- Podcast:
- The Fabricator Podcast
- Published:
- 04/16/2024
- Running Time:
- 63:29
In this episode of The Fabricator Podcast, Caleb Chamberlain, co-founder and CEO of OSH Cut, discusses his company’s...
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