Buy custom The Politics of Trade in Steel
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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1317 |
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This week, Arcelor's offer was trumped by a friendly bid of ?3.5 billion ($4.1 billion) by Germany's ThyssenKrupp. Arcelor says it is reviewing its options; it may yet weigh in with another offer.
There are further signs that the industry has changed. Arcelor's reasons for going hostile are partly ascribed to pique that it lost out earlier this year to Mittal, the world's leading steel company, in a bid for control of Kryvorizhstal, Ukraine's former state-owned steel firm...
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Arcelor's reasons for going hostile are partly ascribed to pique that it lost out earlier this year to Mittal, the world's leading steel company, in a bid for control of Kryvorizhstal, Ukraine's former state-owned steel firm. Mittal prevailed with an offer of $4.8 billion. And both Arcelor and Mittal recently lost out to a domestic bidder for a slice of Erdemir, a Turkish state-owned steel firm...
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