Mittal Confident of Steel Company Bid Success

Daily PostFebruary 16, 2006

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Summary


BRITISH-BASED steel magnate Lakshmi Mittal said yesterday there had been a "very positive reception" to his hostile bid for main rival Arcelor.

Mr Mittal, owner of Mittal Steel, the world's largest steelmaker, added he was "confident" his pounds 12.76bn offer was making progress.

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Mittal Confident of Steel Company Bid Success

The message came as Mittal Steel reported increasing sales but ...

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