Archived Laser Cutting Machines News of article 213141 for 2006-06-12
| Date: 2006-06-12 |
Genre: Laser Cutting Machines |
Article: 213141 |
Metals - Topix.netArcelor board votes to reject Mittal Steel's revised offer
Use the text input below to search Topix.netArcelor 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.
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Full text article can be found here:
http://www.topix.net/search/http://www.thefabricator.com/news/Breaking_News.cfm?NewsID=1327
