Date: 05/19/06 (Java Web)    Keywords: no keywords

Mittal Steel (MT.N) raised its offer by a third and dropped a key demand for family control over the combined global steel giant. In a surprise move on Friday, just a day after the hostile bid was formally launched, Mittal boosted its total value by 6 billion euros to over 24 billion euros ($30.7 billion). A source [...]

Source: http://blog.taragana.com/index.php/archive/lakshmi-mittal-sweetens-hostile-takeover-bid-of-arcelor/