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Latest Business News

Arcelor Suggests Mittal Steel Make Offer

Wednesday, May 03, 2006 10:20:08 PM
By M.R. KROPKO

CLEVELAND (AP) - The chief executive of Luxembourg-based Arcelor SA said Wednesday the company would consider Mittal Steel Co.'s unsolicited takeover bid if the offer is large enough and made in cash.

Guy Dolle, said at a steel industry exposition in Cleveland that Arcelor's opposition to the Mittal bid is not absolute, reiterating what Arcelor Chairman Joseph Kinsch told shareholders Friday in Europe.

Arcelor wants the offer in cash to eliminate uncertainty, Dolle said.


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