Morda, it’s a rip off !
For steel magnate L. N. Mittal, the bedlam doesn’t seem to end. Ever since he proposed the bid to acquire Arcelor, Mittal has faced upfront resistance from Arcelor throughout. Right from poison pills to white knight attempts to racist remarks, Arcelor has gone all out to halt Mittal Steel in its tracks. After suppressing the ire of various governments and approvals from the European Commission, it seemed all was well. But that turned out to be illusory when Arcelor proposed to merge with Russian firm, Severstal on March 26, 2006, to create the world’s largest steel corporation.
For complete IIPM article click here
Source:- IIPM Editorial, 2006
For complete IIPM article click here
Source:- IIPM Editorial, 2006
Editor:- Prof. Arindam Chaudhuri
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