ArcelorMittal gets court summons over merger

Friday, August 17, 2007, 9:48 [IST]

Brussels, Aug 16: ArcelorMittal said today it had received a summons to appear before a judge over its merger, which is being opposed by some Arcelor shareholders.

A majority of Arcelor shareholders accepted a takeover offer from sector leader Mittal Steel after an acrimonious fight between the two companies. But a group of shareholders is seeking an injunction against the deal.

ArcelorMittal will respond to this before a judge in Rotterdam on August 22, the company said in a statement.

''ArcelorMittal believes there are no grounds to these claims,'' it said.

The merger of the two companies is expected to take effect during early September.

Reuters>

Topics: arcelormittal, court summons, merger, arcelor shareholders

Other articles published on August 17, 2007

ArcelorMittal US mill sale deadline extended

Saturday, July 21, 2007,0:35 [IST]

New York, July 21: ArcelorMittal, the world's largest steel company, said today that it had filed with regulators to allow it more time to finish negotiations on the required sale of its Sparrows Point steel mill in Maryland. The DOJ informed ArcelorMittal that it did not oppose the motion, ArcelorMittal said in a written statement. The company, which had been ordered to sell the mill by the US Department of Justice after Mittal bought.....

ArcelorMittal gets court summons over merger

Friday, August 17, 2007,1:03 [IST]

Brussels, Aug 16: ArcelorMittal said today it had received a summons to appear before a judge over its merger, which is being opposed by some Arcelor shareholders. A majority of Arcelor shareholders accepted a takeover offer from sector leader Mittal Steel after an acrimonious fight between the two companies. But a group of shareholders is seeking an injunction against the deal. ArcelorMittal will respond to this before a judge in Rotterdam on August 22, the.....

Limitless Updates

Business News

News Archives

India progress disappointing: L N Mittal

Thursday, November 15, 2007,16:41 [IST]

New Delhi, Nov 15: Betting big on India, world's largest steel maker Arcelor-Mittal has expressed dismay over the government's slow progress in giving clearances for setting up plants in the country. The company had announced that it will set up its 12 MT integrated greenfield project at Torpa in Khunti district in Jharkhand by February 2008. ''We are disappointed over the kind of progress going on here,'' Lakshmi Niwas Mittal, Chief Executive and major shareholder of the company told a news.....