Tuesday, February 07, 2006

Arcelor to buy US Steel?

Arcelor its seems are considering buying US Steel as part of their "defence" package against the Mittal takeover bid. The logic is apparently that such a purchase would increase their debt burden making them a "less attractive proposition" and also making any subsequent bid by Mittal raise fears of a steel monopoly.
Its' certainly getting interesting!

Oh and steelonthenet have put up a page of news items just on the Mittal Bid here

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